HONG
KONG, April 29, 2024 /PRNewswire/ -- DPC Dash –
Domino's Pizza China ("DPC Dash" or the "Company") (1405.HK),
Domino's Pizza's exclusive master franchisee in the China Mainland,
the Hong Kong Special Administrative Region of China, and the Macau Special Administrative
Region of China, today released
its 2023 annual report.
The report contained a message to shareholders from Chairman
Frank Paul Krasovec and Chief
Executive Officer Aileen Wang.
"Against the backdrop of our successful initial public offering
on the Hong Kong Stock Exchange, 2023 was a year of growth,
showcasing our commitment to serving the tastes and demands of
Chinese consumers," DPC Dash Chairman Krasovec, and CEO &
Executive Director Wang, stated in the report. "During 2023, we
strategically expanded our store network while maintaining our
sharp focus on efficiency enhancements. As a result of these
efforts, we are pleased to be able to report that the Group
delivered revenues of RMB3.05 billion
and adjusted net profit of RMB8.8
million for the year ended December
31, 2023."
DPC Dash 2023 performance highlights the Company's market
leadership and validates its "go deeper, go broader" strategy,
which have laid foundations for future growth. DPC Dash has now
delivered positive same-store sales growth for 27 consecutive
quarters since the third quarter of 2017, when the current
management team started its tenure.
Operational excellence remains a core focus for DPC Dash.
Underlining the popularity of DPC Dash menu offerings, each of the
top 19 stores in Domino's global system for first-30-day sales
ranking are in China. The Company
was recognized for its commitment to building fulfilling, long-term
careers for people when it was included in the Kincentric 2023
China Best Employers, the second consecutive year DPC Dash has won
this accolade.
"Building on the growth momentum of 2023, we are dedicated to
further expanding and strengthening our business to capture more
opportunities in China's largely
untapped pizza market," Mr. Krasovec and Ms. Wang said in the
statement. "As of March 31, 2024, our
operational footprint spanned 835 stores across 30 cities, and we
anticipate net openings of approximately 240 new stores during
2024. Our next milestone is reaching the 1,000-store mark, a target
we aim to reach by the end of the fourth quarter of 2024. Looking
further ahead, we expect to open approximately 300-350 stores in
both 2025 and 2026. "
"2023 was an important year in our corporate history. With our
differentiated products, unique positioning, and focused, scalable,
and replicable store economic model, we are well placed to deliver
long-term, sustainable value for our shareholders," Mr. Krasovec
and Ms. Wang added.
To download the full version of DPC Dash 2023 annual report,
please visit:
https://www1.hkexnews.hk/listedco/listconews/sehk/2024/0429/2024042900203.pdf
Forward-Looking Statements
Certain statements in this document and/or the Announcement are
forward-looking statements that are, by their nature, subject to
significant risks and uncertainties. Any statements that express,
or involve discussions as to, expectations, beliefs, plans,
objectives, assumptions, future events, or performance (often, but
not always, through the use of words or phrases such as
"will","expect","anticipate","estimate","believe","going
forward","ought
to","may","seek","should","intend","plan","projection","could","vision","goals","aim","aspire","objective","target","schedules",and"outlook")
are not historical facts, are forward-looking and may involve
estimates and assumptions and are subject to risks (including but
not limited to the risk factors detailed in this document and/or
the Announcement), uncertainties and other factors some of which
are beyond the Company's control and which are difficult to
predict. Accordingly, these factors could cause actual results or
outcomes to differ materially from those expressed in the
forward-looking statements. The Company's forward-looking
statements have been based on assumptions and factors concerning
future events that may prove to be inaccurate. Those assumptions
and factors are based on information currently available to the
Company about the businesses that it operates. The risks,
uncertainties and other factors, many of which are beyond the
Company's control, that could influence actual results include, but
are not limited to: the Company's operations and business
prospects; its business and operating strategies and ability to
implement such strategies; its ability to develop and manage its
operations and business; its ability to control costs and expenses;
its ability to identify and satisfy customer demands and
preferences; the actions and developments of its competitors;
general economic, political and business conditions in the markets
in which it operates; and changes to regulatory and operating
conditions in the industry and geographical markets in which it
operates.
Since actual results or outcomes could differ materially from
those expressed in any forward-looking statements, the Company
strongly cautions investors against placing undue reliance on any
such forward-looking statements. Any forward-looking statement
speaks only as of the date on which such statement is made, and,
except as required by the Rules Governing the Listing of Securities
on The Stock Exchange of Hong Kong Limited or under applicable law,
the Company undertakes no obligation to update any forward-looking
statement to reflect events or circumstances after the date on
which such statement is made or to reflect the occurrence of
unanticipated events. Statements of, or references to, the
Company's intentions or those of any of its Directors are made as
of the date of this document and/or the Announcement (as
applicable). Any such intentions may change in light of future
developments.
The Company's shareholders and potential investors are advised
not to place undue reliance on the forward-looking statements and
to exercise caution in dealing in securities in the Company.
About DPC Dash Ltd
DPC Dash is Domino's Pizza's exclusive master franchisee in the
China mainland, the Hong Kong
Special Administrative Region of China and the Macau Special Administrative
Region of China. Domino's Pizza,
Inc., DPC Dash's global franchisor, is one of the most
widely-recognized global consumer brands and the world's largest
pizza company. Led by a seasoned and visionary management team, DPC
Dash is a market leader that differentiates from competitors with,
among others, a continually developed and localized pizza-focused
menu, unique expertise and leadership in delivery, technology focus
and scalable and replicable store economic model.
For more information, please visit www.dpcdash.com
For official company announcements, please visit
www.hkexnews.hk
Contacts
DPC Dash Ltd Investor Relations:
DPC Dash Ltd
IR@dominos.com.cn
ICR, LLC
dpcdashIR@icrinc.com
DPC Dash Ltd Media Relations:
ICR, LLC
dpcdashPR@icrinc.com
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SOURCE DPC Dash Ltd