Business
DMP) share price rocketed over 60% last year // The Motley Fool Australia
Domino’s Pizza Enterprises Ltd (ASX: DMP) had a ripper 2020. The Domino’s share price had a 52-week range between roughly $41 to $98 last year, and is currently trading around $88.
So what went down last year that led to such monstrous growth, and will the Domino’s share price be able to keep up momentum as we welcome 2021?
Digital orders and new store openings
According to the company’s FY20 results, Domino’s online sales jumped over 21% year-on-year. People are so happy to order from Domino’s that its latest Investor Day Presentation notes that the company spent time as the number one most downloaded app in Australia. In fact, Dominos has now reached monopoly status when comparing its app downloads to those of…
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