Domino’s Pizza sees profit surging past expectations
Domino’s Pizza has today upgraded their profit forecasts after a better than expected second half.
The Australian operation of the global pizza chain has maintained momentum during the downturn thanks to demand for convenient, low cost meals.
Domino’s will report full year results on August 19, with today’s release made as they have become aware that the result will differ substantially from their forecasts.
At their half year results announcement in February, Domino’s management advised it was confident of achieving “market guidance results for FY09 Net Profit After Tax (NPAT) growth of 10 to 15%”. However, NPAT is now likely to be around 30 per cent higher than last year, at $15.4 million.
“After strong network sales performance, FX (foreign exchange) gains and better than expected tax outcomes, Domino’s now expects FY09 earnings to come (substantially) above FY08,” the company advised in a statement.
2020 has been an unpredictable year for Aussies, so if you’re feeling thirsty for the plain-ol’-sim...
Australian food and beverage companies are under-prepared to respond to a crisis says a new study co...
Subway is the number one Australian quick service restaurant according to the 2017 YouGov BrandIndex...
There is enormous pressure on food product suppliers and retailers to present products as natural a...
Industry veteran Shawn Kerr steps into a new role as Chief Executive Officer of Burger Urge, bringi...
Aldi is the 2016 Retailer of the Year, winning the title at the Australian Retailers Awards hosted i...
Quinoa crops continues to take off in Australia with a record number of farmers growing the crop as ...
Last week The Sydney Morning Herald shouted “Subway to add 6 months to shelf life”. Surely there is...