Domino's Pizza Group PLC settled its long-running dispute with its franchisees over a fairer distribution of profits and investment.
Under the deal, Domino’s will make a one-off cash injection of £20mln spread over three years to improve its IT systems and in-store innovation.
A new store incentive scheme is being introduced to kick-start new openings that is linked to a food cost rebate mechanism.
In return, the franchisees have agreed to open at least 45 new stores a year over the next three years, roll out new technology and help pay for ad campaigns.
In a statement, Domino’s said: “This resolution unlocks an issue which has held the company back and means DPG and its franchisees can begin a new era of collaboration in which the system can realise its full potential.”
Franchisees representing over 99% of UK stores have voted in favour, it added.
Sales will increase in 2022 due to the agreement, while earnings will be in line with expectations, added the takeaway group.
Longer-term, the deal will mean it hitting the upper end of its target of £1.6bn - £1.9bn of system sales and opening at least 200 new stores.
Dominic Paul, chief executive, said: "This is an important moment for Domino's, and I'm delighted we have reached what is truly a great resolution with our franchisees.
"I firmly believe that the resolution we have reached is a good one for franchisees, our people, and our shareholders
"Our business continues to perform strongly, and we are looking to the future with confidence."