Domino’s doubles profits

 

dominos cheltenhamDomino’s added 44 stores across Australia and New Zealand during 2013/14, along with 27 in Europe and 61 in Japan.

Meanwhile, same store sales lifted 5.8 per cent, thanks in part to the introduction of new products, including its Summer Prawn and Perri Perri ranges in Australia.

The company recorded further sales growth in July, with same store figures up 14.8 per cent in Europe and 10.3 per cent in Australia and New Zealand.

CEO Don Meij, said the company expected the company’s growth to continue in 2014/15.

“We are confident of continuing the current strong momentum to deliver EBITDA growth in the region of 20 per cent and add approximately 175 to 185 new stores to the group,” he said.

The company announced a fully franked final dividend of 19 cents per share, which takes the full year distribution to 36.7 cents, up from 30.9 cents in 2013.

AAP

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