HONG
KONG, July 8, 2024 /PRNewswire/ -- DPC Dash –
Domino's Pizza China ("DPC Dash" or the "Company") (1405.HK),
Domino's Pizza's exclusive master franchisee in the China Mainland,
the Hong Kong Special Administrative Region of China, and the Macau Special Administrative
Region of China, continued its
robust growth momentum and market innovations during the first half
of 2024, further strengthening its unique positioning in the
China pizza market.
In 2023, DPC Dash formulated a "go deeper, go broader" strategy
to expand its footprint in China's
burgeoning pizza market through a sustainable business model. DPC
Dash continued to uphold its commitment to serving high-quality,
value-for-money pizzas to more Chinese customers in the first half
of 2024. As reported in the Second Quarter 2024 Investor Fact Sheet
("investor fact sheet"), DPC Dash operates more than 900 stores in
33 cities in China as of
June 30, 2024.
DPC Dash has successfully executed the "Go Deeper, Go Broader"
strategy. In the first half of 2024, DPC Dash made its debut in 4
new cities, including Taizhou and Jinhua in Eastern China and Jiangmen and Huizhou in Southern
China. DPC Dash opened 146 new stores in the first half of
2024. The total number of net new stores added this year, stores
currently under construction and stores that have signed has
exceeded 85% of the full-year opening target for 2024.
The growth momentum across China is evident. According to the fact sheet,
DPC Dash holds all top-20 positions for first 30-day sales among
Domino's network of more than 20,000 stores globally. As of this
release date, the company has achieved 28 quarters of consecutive
positive same-store sales growth (SSSG) since the current
management took over in the third quarter of 2017.
At the same time, DPC Dash continues to build inclusive
communities and win recognition. The loyalty program continued to
show substantial progress as of June
30,2024, reaching approximately 19.4 million members,
reflecting strong customer engagement. Over the past 12 months,
around10.3 million new customers have placed their first orders
across DPC Dash's sales channels.
In the first half of 2024, DPC Dash celebrated the first
anniversary of its successful Hong Kong IPO in March 2023. On July 8,
2024, DPC Dash was honored with the 2023 Best IPO Award from
China Financial Market 2024, a testament to its unwavering
commitment, dedication, and execution on delivering value to
shareholders. The period also saw a consistent and healthy
enhancement in the Company's store network, sales performance,
branding power and workforce well-being.
DPC Dash's efforts were recognized at the Domino's Worldwide
Rally 2024 in the form of numerous awards to the Company.
Aileen Wang, Executive Director and
Chief Executive Officer of DPC Dash, was the first female CEO to be
inducted into the prestigious Domino's Pizza Chairman's Circle. The
company was awarded the Gold Franny Award for the sixth consecutive
year in recognition of its exceptional operating results, store
development and growth, while also receiving the International
Cornerstone Award for robust new store growth. The overall success
is supported by every individual's talent, dedication and expertise
within DPC Dash's workforce. DPC Dash employees were recognized as
International Franchise Trainer of the Year, the International
Regional Manager of the Year and the International Supervisor of
the Year, while two DPC Dash employees qualified for the 2024 World
Fastest Pizza Maker (WFPM).
To support the continuous expansion of store network and
expected growth trajectory of customer demand, DPC Dash strives to
improve its products and services. DPC Dash remains committed to
product innovation. In the second quarter, DPC Dash added new
products including new pizza item and crust innovation to its
existing signature and localized menu, bringing more excitement for
customers across China. Meanwhile,
DPC Dash collaborated with popular brands for limited-time
promotions, including Tencent
AshEchoes and Hello Kitty, which are popular among the younger
generation in China.
Moving forward, DPC Dash will remain committed to a strategic
expansion of its store network under the "Go Broader, Go
Deeper" strategy. The company will persist in its innovation
efforts, particularly in the ongoing development and localization
of its pizza-centric menu. It will also build upon its distinctive
proficiency and leadership in delivery services, with a strong
emphasis on technology. By leveraging its scalable and replicable
economic model for stores, DPC Dash aims to deliver an enhanced
dining experience to an increasingly diverse customer base across
China.
About DPC Dash Ltd
DPC Dash is Domino's Pizza's exclusive master franchisee in the
China mainland, the Hong Kong
Special Administrative Region of China and the Macau Special Administrative
Region of China. Domino's Pizza,
Inc., DPC Dash's global franchisor, is one of the most
widely-recognized global consumer brands and the world's largest
pizza company. Led by a seasoned and visionary management team, DPC
Dash is a market leader that differentiates from competitors with,
among others, a continually developed and localized pizza-focused
menu, unique expertise and leadership in delivery, technology focus
and scalable and replicable store economic model. DPC Dash operates
more than 900 stores in 33 cities in China as of June 30,
2024.
For more information, please visit www.dpcdash.com
For official company announcements, please visit
www.hkexnews.hk
Contacts
DPC Dash Ltd Investor Relations:
DPC Dash Ltd
IR@dominos.com.cn
ICR, LLC
dpcdashIR@icrinc.com
DPC Dash Ltd Media Relations:
ICR, LLC
dpcdashPR@icrinc.com
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SOURCE DPC Dash Ltd