Domino's Has Planned Closures After $134 Million Loss
The parent company aims to shutter 29 locations in Australia and New Zealand to improve long-term profitability.
Updated on Sept. 26, 2026 in Openings & Closings
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Domino's Pizza Enterprises has announced plans to close 29 stores across Australia and New Zealand as part of a strategy to cut costs following a $134.2 million annual loss. Globally, the parent company intends to shutter up to 60 locations to pivot toward franchisee profitability.
Why it matters
The closures reflect a shift in corporate strategy from aggressive expansion to prioritizing the financial health of existing franchisees. The company is re-evaluating its operational footprint after suffering significant losses in the most recent financial year.
Domino's Pizza Enterprises reported a $134.2 million loss in the past financial year, prompting the closure of 29 stores in Australia and New Zealand. The broader strategy includes shuttering up to 60 stores worldwide.
The players
Domino's Pizza Enterprises
This organization is the master franchisor for Domino's stores across Australia and New Zealand.
Liam Stops
He is a market manager for 149 Domino's stores and a former franchisee who started his career at age 12.
The details
Liam Stops, who manages 149 stores in New Zealand, is overseeing the implementation of business support for the country's 98 franchisees. Stops, the record holder for the youngest store owner in New Zealand, coordinates with five consultants to address operational challenges during this transition.
Timeline
Liam Stops bought his first store in 2013.
By 2020, Stops owned four stores in various towns.
Stops sold his stores in 2022.
Domino's announced a reset strategy in August 2026.
Market Landscape
These store closures mark a definitive pivot away from the growth-at-any-cost model that previously defined the chain's expansion. The move positions the company to consolidate its market share by focusing on the stability of its remaining 98 New Zealand franchises.
Customers in Australia and New Zealand may see local Domino's locations shuttered as the company consolidates its presence. Shoppers should check local store availability to determine if their nearest outlet is among those affected by the downsizing.
The takeaway
Maintaining long-term profitability often requires companies to prune underperforming assets rather than prioritizing perpetual expansion. For business owners, this highlights the necessity of focusing on core operational sustainability over total location count.
Further reading
Learn more about local retail trends in our Openings & Closings section.
Source note: This article includes information reported by NZ Herald.
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