Business
Domino’s is close to doubling its share price in a year and among the biggest beneficiaries is its board, whose shares in the company have surged in value by almost $2 billion to $4 billion during Covid.
Business
Domino’s share price has rocketed by 70 per cent this year and now sits above $140 a share after producing a standout profit result, but that’s not what got it global attention this week.
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Domino’s Pizza has added to its already significant global footprint with the $79 million purchase of its Taiwan counterpart.
The booming performance of retail chain stores has continued with Domino’s recording an underlying profit of $96.2 million, an increase of 32 per cent as its global food sales passed $1.84 billion.
Fast-food retailer Domino’s is closing in on a record $100 a share handing its chairman Jack Cowin a fortune of almost $1 billion in a year in share price growth.
Dominos sales may have boomed during the global lockdowns but earnings at its Australia and New Zealand business fell by almost 6 per cent for the year to June 30 year after it propped up struggling stores.
