Australian Domino’s annual profit up 20%
Australia’s largest pizza-maker Domino’s Pizza Enterprises Limited today announced a A$21.4million 2011 full year net profit after tax, a 20.3% improvement on the previous year.
This takes Domino’s Pizza’s net profit after tax annual growth rate from the period of 2007 to the 2011 financial years to a strong 23.9% per annum.
The year’s profit was generated from total network sales of $746.4 million. Strong Same Store Sales (SSS) for the full year grew 11.0% over the corresponding period last year. Australia and New Zealand achieved double digit SSS growth of 13.2% with the Australian sector achieving its strongest SSS in the last ten years.
During the twelve months to 3 July 2011, Domino’s Pizza added 53 stores to its global network, which does not include the USA, comprised of 28 stores in Australia and New Zealand and 25 stores in Europe. Its European franchises are in France, Belgium and Monaco.
Domino’s CEO and MD Don Meij said the remarkable full year results and sales growth were the
result of very successful marketing for new product rollouts and key operational improvements across both the Australia and New Zealand and European markets.
Mr Medj said, “Europe achieved Network Sales growth of 14.9% while the Australia and New Zealand market achieved growth of 11.3% despite rolling over a 53-week prior year.
“Looking forward to the 2011/12 Financial Year, Domino’s is confident of continuing the current momentum we are experiencing and we expect to deliver a Net Profit After Tax in the region of 15% above 2011, and to add 60 to 70 new stores to the network.
“We have also lifted our Australia and New Zealand market store growth guidance from 620 stores to 750 stores and our goal is to achieve this over the next six years.”
In Australia and New Zealand, Domino’s will have unprecedented levels of investment in its digital
platform with the expectation of digital orders providing 60% of the business in the next 2½ years.