Why Kmart\u2019s iconic cafes vanished forever<\/a><\/p>\n \u2018Disaster\u2019: Sad $10m feud split cult Aussie empire<\/a><\/p>\n In Australia and New Zealand, 29 underperforming Domino\u2019s Pizza stores have been permanently shut. Picture: NCA NewsWire \/ Brenton Edwards<\/p>\n The losses come as Domino\u2019s pivots away from cheap promotions and bargain vouchers for Australian buyers.<\/p>\n Addressing shareholders, Mr Cowin vowed the chain would turn its back on discounting to focus on franchisee profits.<\/p>\n He highlighted that lifting the price of a pizza by just 70c significantly increases store profitability.<\/p>\n \u201cThe future of this company is not going to be built on the discounting or vouchering of the business,\u201d Mr Cowin said.<\/p>\n Same-store sales fell 4.7 per cent across Australia and New Zealand as the strategy took effect.<\/p>\n Domino\u2019s executive chairman Jack Cowin. Picture- supplied<\/p>\n Domino\u2019s told the market the lower transaction numbers were a deliberate trade-off to protect store margins.<\/p>\n The approach has delivered early gains in Western Australia, where store earnings rose 30 per cent despite lower order volumes.<\/p>\n New Zealand stores recorded a 22 per cent profit increase.<\/p>\n The company confirmed full-year earnings guidance between $118m and $122m and promised to pay an underlying dividend.<\/p>\n The fast-food chain was once a darling of the Australian Stock Exchange, surging during pandemic lockdowns on the back of home delivery demand.<\/p>\n However, its share price has suffered a staggering fall, collapsing from a peak of more than $160 in late 2021 to about $17.<\/p>\n MORE: \u2018No longer\u2019: Cult store to abolish Aussie cafe scene<\/a><\/p>\n $100m burger empire\u2019s huge Aussie rollout<\/a><\/p>\n Wendys 200-store Aussie takeover revealed<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Domino\u2019s Pizza has delivered a brutal $300m hit to investors as the fast-food giant turns its back on…\n","protected":false},"author":2,"featured_media":834872,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[64,63,99],"class_list":["post-834871","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-au","tag-australia","tag-business"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/834871","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=834871"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/834871\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/834872"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=834871"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=834871"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=834871"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"DOMINOS](\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2026\/07\/capi_c12bd9653ba7fde3ce87dc3f5e046214_2ce78983345c177e94b48a4ad7bfaf5b.jpeg\")
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