DPC Sprint stated in a submitting it’s Domino’s Pizza’s “unique grasp franchisee” in mainland China, Hong Kong and Macao, with 485 immediately operated shops in 10 towns at the mainland — most commonly in Beijing and Shanghai.
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BEIJING — The operator of Domino’s Pizza shops in China, DPC Sprint, implemented Monday to move public at the Hong Kong inventory alternate, in keeping with an internet submitting.
U.S.-listed franchisor Domino’s Pizza has a fifteen.7% stake in DPC as of the submitting date via wholly-owned entities, the file confirmed. Nobody entity has majority possession.
A lot of the important thing data on pricing and timing had been redacted within the publicly to be had file, because the checklist has but to happen. Financial institution of The usa Securities is the only real sponsor of the checklist, in keeping with the applying.
DPC stated within the submitting it’s Domino’s Pizza’s “unique grasp franchisee” in mainland China, Hong Kong and Macao, with 485 immediately operated shops in 10 towns at the mainland — most commonly in Beijing and Shanghai. The corporate stated it plans to open 120 new shops this 12 months.
Similar shop gross sales grew via 18.7% in 2021. However the corporate has operated at a rising web loss over the past 3 years, which the submitting attributed to spending on new shops, central kitchens, advertising and workforce coaching.
New shops take about one to 3 months to damage even, with a regular money funding payback length of 3 to 4 years, the submitting stated, noting shorter instances for brand new shops in Beijing and Shanghai.
In 2021, greater than 73% of earnings used to be generated via supply orders, the submitting stated. The corporate stated it hires devoted drivers — a workforce of five,375 in 2021 — to fulfill a supply promise of half-hour.
DPC warned about a large number of industry dangers, together with that of Covid-related restrictions.
Yum China, which operates Pizza Hut in China, warned on March 14 that same-store gross sales fell via about 20% year-on-year for the primary two weeks of the month because of Covid. That used to be sooner than the newest Shanghai lockdown introduced this week.
