Domino’s to open over 50 stores this year
The master franchise of Domino’s Pizza in the UK is expecting to open over 50 new stores in 2025.
Dominos Pizza Group (DPG) said it has agreed a five-year framework with its franchise partners to capitalise on long-term growth opportunities.
This comes as the group – which has 1,372 stores across the UK and Ireland – releases its full year results for 2024, a period during which it opened 54 stores across 21 franchise partners.
In the year ending 29 December 2024, DPG recorded a group revenue of £664.5m, a slight year-on-year decrease of 0.4%.
During the period, the group spent £62m to acquire the remaining 85% of Shorecal Limited, the largest Domino’s franchisee in Northern Ireland and the Republic of Ireland.
It also completed the disposal its corporate store estate in London for £34.8m.
Andrew Rennie, CEO of DPG, said: “Today’s results show the benefits of our long-term strategy. We’ve capitalised on our competitive strengths, agreed a new five year framework with our franchise partners and opened 54 stores. Our trading momentum accelerated as the year progressed, our delivery channel returned to growth and we delivered strong underlying earnings growth. This has required relentless focus by our colleagues and franchise partners, and I thank them for their brilliant work.
“In 2024 we made disciplined investments in new growth opportunities, Shorecal in Ireland and DP Poland, partly financed through recycling store disposal proceeds. Today we have announced an additional investment in our Northern Irish JV, further enhancing our ability to drive growth. We continue to explore targeted, accretive opportunities, which would be financed within our existing balance sheet capacity.”
He added: “2025 has started positively in an uncertain market. With a good store opening pipeline, I am confident that with the quality of our teams and franchise partners, our unrivalled scale, resilient business model and capabilities, Domino’s is well placed to thrive in 2025 and beyond.”