DOMINOS EUROPE BRINGS BIGGER SLICE

Written on the 5 October 2010

DOMINOS EUROPE BRINGS BIGGER SLICE

A HEAVY push into the European market has helped Domino’s Pizza Enterprises Limited (DMP) record 16 per cent profit growth for FY10 to $17.8 million.

Same store sales grew at 2.8 per cent, but 41 new European stores and 13 stores in Australia and New Zealand contributed to NPAT result.

CEO Don Meij (pictured) says the results reflect strong network sales growth and EBITDA, while Domino’s continues its focus on online ordering.

“Our solid performance for the 2010 full year is the result of strong network sales growth up
5.6 per cent in Australia and New Zealand while Europe experienced solid growth up 14.3 per cent on the corresponding period last year,” he says.

“In Australia and New Zealand we recorded strong same store sales (SSS) of more than 3.23 per cent, a good result given we were rolling over a strong year in 2009 following the new menu launch.

“In Australia our continued focus on the online side of our business also contributed to these
results. Our online ordering, which includes orders placed through our highly-successful
iPhone app, is advancing and we are seeing great growth.”

Meij plans to grow the number of stores from 823 to 1000 over the next decade, with expectations to deliver NPAT growth between 10 and 15 per cent in FY11.


Latest News

Q & A WITH FACEBOOK GURU ANDY MCKEON AS HE JOINS AUSTRALIAN SOFTWARE COMPANY LIVETILES

HE was creative director at Apple under the legendary Steve Jobs, and is now a senior Facebook executive. In his n...

EAST COAST PROPERTY BOOM BUILDS PROFITS FOR BRICKWORKS

AUSTRALIA'S residential property boom has helped drive a sharp rise in first half earnings for Brickworks (ASX: B...

COLLINS SUPERSIZES IN EUROPE WITH PURCHASE OF 16 KFC RESTAURANTS IN THE NETHERLANDS

COLLINS Foods (ASX:CKF) has stepped up its European expansion through the purchase of 16 KFC restaurants in the Ne...

CSIRO HELPS DEVELOP AUSTRALIAN PHARMA COMPANY FROM $10 MILLION TO $305 MILLION

GOVERNMENT backed scientists have helped multiply the market value of a previously small Australian pharmaceutical...

Related News

RAY OF HOPE FOR SLATER AND GORDON AS LENDERS STEP IN

EMBATTLED law firm Slater and Gordon (ASX: SGH) has announced to the ASX that it has launched confidential discussion...

SPROUTX PROVIDES THE SEED FOR AGTECH STARTUPS

AGTECH innovation fund SproutX has opened applications for its first accelerator round, backed by $10 million from...

GAS PRICES MAY FORCE BRICKWORKS TO TAKE MANUFACTURING OVERSEAS

BRICKWORKS Limited (ASX:BKW) chairman Robert Millner says soaring energy prices may force the company to turn to offs...

CHINA CONTINUES TO COLLECT AUSSIE PROPERTY ASSETS

CHINESE coin continues to dominate Australia's offshore real estate investment market, accounting for almost h...

EVENTS COMING UP

 

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter