Dominos Pizza (ASX:DMP) closes all New Zealand stores

Company News

by Rachael Jones

Last Movement
$50.415 -$1.015 -1.97%
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Last Updated: 30/03/2020 2:27 PM

Domino’s Pizza (ASX:DMP) will close its New Zealand stores for 4 weeks from Thursday.

Management is responding to quickly implement new operational methods including changes to transition to more delivery orders and reduce cash payments through Zero Contact in response to the coronavirus.

They are seeing an increase in delivery orders and are hiring more drivers in all regions.

The Company’s balance sheet remains strong and the Company has significant headroom in its committed facilities and covenants.

Shares in Domino’s Pizza (ASX:DMP) are trading 4.2 per cent higher at $55.62.
 

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.