DPC Dash Announces Key Milestones and Shareholder Update Regarding Domino's Pizza

Core Viewpoint - DPC Dash, the exclusive master franchisee for Domino's Pizza in China, is experiencing robust growth and has achieved significant milestones in 2024, including a strong financial performance and an expanding store network [1][2][4]. Company Performance - DPC Dash reported a positive net profit after tax and adjusted net profit after tax for the first half of 2024, indicating effective management strategies despite challenging macroeconomic conditions [2]. - The store count reached 978 in the third quarter of 2024, with plans to exceed 1,000 by mid-November [2]. - The third quarter marked the 29th consecutive quarter of positive same-store sales growth, reflecting the company's commitment to quality and customer satisfaction [2]. - DPC Dash secured 28 of the top 30 positions for first 30-day sales among Domino's global network of over 21,000 stores, showcasing the strength of the Domino's brand and DPC Dash's operational expertise [2]. - Total loyalty program membership surged to 21.7 million, indicating increased customer engagement [2]. Shareholder Update - Domino's Pizza LLC agreed to allocate 10,000,000 shares of DPC Dash, representing 7.66% of its total issued share capital, to institutional investors through off-market block trades [3]. - Following this share transfer, Domino's Pizza LLC retains 8,101,019 shares, accounting for 6.21% of DPC Dash's total issued share capital [3]. - Domino's Pizza LLC has committed to a 90-day lock-up period for its remaining shares, maintaining a strong relationship with DPC Dash rooted in their long-term Master Franchise Agreement [3]. Management Commentary - The CEO of Domino's Pizza expressed satisfaction with DPC Dash's performance and growth, highlighting the importance of the equity investment in providing growth capital [4]. - The CEO of DPC Dash emphasized the positive impact of the liquidity event on trading liquidity and the attraction of long-term investors, while looking forward to continuing the relationship with Domino's Pizza [4]. Company Overview - DPC Dash operates as the exclusive master franchisee for Domino's Pizza in China, Hong Kong, and Macau, with a focus on a localized pizza menu and delivery expertise [5]. - As of September 30, 2024, DPC Dash operates more than 978 stores across 33 cities in China [5]. - Domino's Pizza, Inc. is the largest pizza company globally, with over 21,000 stores and retail sales exceeding $18.9 billion for the trailing four quarters ended September 8, 2024 [6].