The Japanese revenue in 2019 HY was 232M and EBITDA was 32m. In 2022 it was 442m and 46m EBITDA. You can’t expect these kind of revenue in this kind of fast food industry. If it happens it has to reverse as competitors start coming up of their own strategies to claw back. It could be incident like Covid or any other competitor. It will get to normal growth after it has stabilised to normal growth from rate from 2019 level. Even at 10% compound rate it should around 310m give and take 20%. The claw back has started in 2023 dropping to 387m. I would think by end of June2024 that process should be over unless Domino brand is damaged. I think this is why we are seeing the decline in Japanese numbers which should be arrested by management team soon.
DMP Price at posting:
$39.51 Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)