83-Year-Old Pizza Tycoon Says Sales Point to Domino's Turnaround.

The article focuses on Jack Cowin’s strategic overhaul of Domino's Pizza Enterprises Ltd. since becoming executive chairman in July, shifting away from aggressive discounting toward higher-priced, more profitable sales to support franchisees. Cowin aims to improve profitability by simplifying the menu and cutting costs, despite a recent decline in same-store sales and a significant drop in the company’s stock price since 2021. While some markets in Europe have shown profit growth without heavy discounting, investors remain cautious, awaiting clearer evidence of sustained sales growth and franchisee profitability. External challenges such as rising interest rates, increased competition, and geopolitical risks like the Iran War also pose ongoing pressures on the business. [Extracted from the article]