This pizza maker doesn’t need Italy

Article Excerpt

DOMINO’S PIZZA, $411.99 (New York symbol DPZ; TSINetwork Rating: Average) (www.dominos.com; Shares o/s: 35.9 million; Market cap: $14.8 billion; Yeld: 1.1%), still has lots of room for international expansion. However, Italy will not be part of that growth, at least for now. Domino’s franchises in Italy have now closed after the brand failed to break through in the birthplace of pizza. The pizza chain had ambitious plans to expand across Italy when its first franchise opened in Milan in 2015. The franchisee had planned to open 880 locations by 2030. Meanwhile, though, Domino’s still has plenty of growth planned elsewhere in the 85 countries it operates in worldwide, including in Europe. Domino’s Pizza is a buy. buy…

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