DOMINO'S CONTINUES WINNING STREAK
Written on the 29 October 2014
DOMINO’S Pizza Enterprises Limited (ASX: DMP) has flipped another strong result for the first quarter of 2015, up 25 per cent in the prior corresponding period.
DMP CEO and managing director Don Meij (pictured) says the business is growing across all six markets, with Australia and New Zealand ranking as the top performers.
“We are experiencing positive momentum across the business, particularly in Australia and New Zealand with same store sales growth of 10.7 per cent reported and Europe achieving same store sales of 7.4 per cent to date,” says Meij.
“As a result of the strong earnings we are upgrading our full year 2015 guidance of 25 per cent growth over 2014 underlying NPAT and EBIDTA.
“While we remain cautious with eight months of trading ahead, we are confident of continuing the current momentum.”
Meij also confirmed plans for record store growth numbers in all six markets, with 175 to 185 new stores to be added in financial year 2015 alone. There is a particularly strong pipeline planned up until Christmas.
Not to be forgotten, DMP will continue on with technology and product development at front and centre, including GPS Tracking to be rolled out by June 2015 for greater driver safety and efficiency.
“With our Australian and New Zealand market leading the way in technology, Europe and Japan have taken key learnings from this to invest in areas that will really make a difference to their position in the market,” says Meij.
“This includes the rollout and implementation of a global point of sales and online ordering system which is already delivering an additional material layer to sales growth.
“We also remain 100 per cent committed to providing our customers with greater choice and transparency with the investment of initiatives such as the GPS Tracking Solution set to be rolled out into ANZ stores by June 2015.”
In line with the company’s digital focus, Meij also announced a newly creation position in the leadership team of chief digital officer, which Michael Gillespie will assume.
“Digital is a huge part of our DNA – it’s here to stay, it’s who we are as a business and this appointment is a transformative role that is all about connecting different disciplines and different departments.”