Domino’s grows globally

Article Excerpt

DOMINO’S PIZZA $34.44 (New York symbol DPZ; TSINetwork Rating: Average) (734-930- 3030; www.dominos.com; Shares outstanding: 56.7 million; Market cap: $2.0 billion; No dividends paid) now operates in over 70 markets worldwide. Its international stores supply almost half of its sales and about a third of its earnings. The company still has considerable room to grow internationally. For example, Jubilant Foodworks just opened the 500th Domino’s outlet in India. This company, which has the exclusive rights to operate Domino’s restaurants in that country, aims to continue its aggressive expansion by opening 100 new restaurants over the next year. Jubilant also has franchise rights for Domino’s in Bangladesh, Nepal and Sri Lanka. India is now Domino’s third-biggest market, trailing only the U.S. and the U.K. As well, Domino’s has just opened its first Nigerian outlet, in the city of Lagos. Nigeria has one of the fastest growing economies and populations in the world, and Domino’s master franchisee in the country, Eat ‘N’ Go Restaurant Group, plans…