Domino’s Annual General Meeting and Trading update
Network Sales +10.6% (SSS +4.1%) and 42 new stores opened.
Domino’s Pizza Enterprises Ltd (ASX:DMP) has issued a trading update at its Annual General Meeting today, with Network Sales increasing 10.6% on the prior year (+4.1% on a Same Store basis), and 42 new stores opened so far this year – more than two stores a week.
The company has opened its first stores in the new market of Denmark and expects to open its first store in Luxembourg in the coming weeks.
Group CEO and Managing Director Don Meij said Domino’s is delivering on its strategy to fortress its domestic and international markets, opening a record number of stores year-to-date to deliver to more customers in eight countries.
Speaking to shareholders in Brisbane, Mr Meij said the company had a successful year with:
- Network sales of $2,897m, up 11.9%1
- Online sales of $1,943m, up 18.2%1
- EBITDA2 of $282.4m (+8.9%1) on revenue of $1,435.4m (+24.4%1)
“This was a year of milestone achievements for our company, our franchisees and our team members,” Mr Meij said.
“We have passed 300 Domino’s branded stores in Germany with the successful conversion of the Hallo Pizza business, and just last week we opened our 400th Domino’s store in France.”
“We now have more than 1000 Domino’s branded stores in our European business and are well on our way to opening 1000 Domino’s stores each in France and Germany; two large pizza markets that will deliver growth to this business for many years ahead.”
“At this time our outlook for the medium term is unchanged; we expect to open new stores at the rate of seven to nine per cent of our Group network annually and grow Group Same Store Sales at the rate of three to six per cent.”
“We intend to deliver on this outlook by focusing on what we do best – breaking the prevailing wisdom that says you can’t have high quality meals, available fast, at an affordable price.”
“Through continued digital innovation, operational excellence, and a focus on giving our customers the meal quality, ordering experience and fast service they have come to expect, we believe we are on track for another successful year.”
The Company paid shareholders a final dividend of 52.8 cents per share (100% franked). The full year dividend of 115.5 cents per share was +7.1% on the prior year.
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*1 Increase on the prior corresponding period
*2 EBITDA – underlying basis
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Domino’s Pizza Enterprises Limited (DMP) is Domino’s largest franchisee outside of the USA. It holds the master franchise rights to the Domino’s brand and network in Australia, New Zealand, Belgium, France, The Netherlands, Japan, Germany, Luxembourg and Denmark. Today, DMP has a network of more than 2,500 stores.
For more information, visit www.dominosinvestors.com.au
Rhiannon Frater, DMP Communications Manager M: 0447 795 353 | E: media@dominos.com.au
Nathan Scholz, DMP Head of Investor Relations: M: 0419 243 517 | E: investor.relations@dominos.com.au
