pizzas are popular as ever & growing and Domino brand is solid as ever and therefore there is only growth to look forward. It is the price we payed that has created undue expectations. $ 160?
The Covid related spike in revenue was the main cause of it for expecting such high growth levels. Even in Japan as I pointed out before, revenue almost double within 5 years during Covid. Now that those excess comparisons are almost behind us, we should look forward for decent moderate gains. We are hoping Japan has hit the bottom in the cycle.I think France is difficult place for competition in Pizza and therefore growth , but that information of slow growth is baked in FCST figures. We look forward to FY 2025 where a sharp increase is baked in, due to restructuring savings and inflation impacted material resetting itself. Look forward to the commentary with the half year results on the 21 Feb.2024.
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