Dominos Pizza chief executive Don Meij downplayed the companys earnings downgrade on Tuesday as a cycle, after weak trading pushed it to close nearly 100 stores and give up on an expansion into Denmark.
The business is fighting the inflationary war on two fronts: absorbing higher prices for ingredients, energy and transport, which it has failed to sufficiently pass on to its customers saddled by cost of living pressures.
Dominos Pizza Enterprises CEO Don Meij is exiting the loss-making Danish market.
Dominos shares were smashed to a four-year low on Tuesday with investors wiping $241 million from its market capitalisation on an admission that underlying earnings have not improved, the axing o…
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