The Domino's Pizza Enterprises Ltd (ASX: DMP) share price is storming higher on Wednesday following the release of an announcement.
At the time of writing the pizza chain operator's shares are up 7% to $57.09.
What did Domino's announce?
This morning Domino's released its third update on how the coronavirus outbreak is impacting its businesses. If you are interested, the first update can be found here and the second update is available here.
In respect to today's update, Domino's has advised that its New Zealand stores have been impacted by Government orders to prohibit all food delivery and takeaway ordering from tomorrow. This follows the recent ban on dining in restaurants.
Domino's CEO and Managing Director, Don Meij, advised that the company respected the clear decision of the New Zealand government.
He said: "While we believe we can safely serve our communities during this crisis, we're also members of the community ourselves. We respect governments around the world are responding to conditions that are unique to each country."
France update.
Over in France, there is no government restriction on re-opening for delivery. Domino's has made no change to its initial 15-day timeframe and intends for any re-opening to be progressive and voluntary, with local franchisees making a decision based on their local conditions.
Mr Meij added: "There is public trust in our world-class food safety practices, which we will continue to refine. We believe food delivery is an important aid to social distancing and can reduce crowds at supermarkets. We recognise these are dynamic times, and we will adapt and respond as necessary."
The company also advised that the increasing demand for delivery orders has led to job openings in all regions. Given the rising unemployment we are seeing globally, this certainly is a small positive for the economy.
The chief executive concluded: "It remains clear to us that trading during this time remains a privilege, and we will continue to work with health authorities to meet the needs of our customers and stakeholders safely and responsibly."
