Domino’s Pizza’s half year net profit jumped 56.7 per cent to $45.6 million from the previous corresponding period, driven by ‘organic growth’ and its numerous investments overseas.
Group underlying revenue for HY16 increased by 29.6 per cent to $445.3m, while a strong operating performance in all markets saw underlying EBITDA grow by 44.9 per cent to $87m compared with the prior corresponding period.
The pizza giant’s Australia and New Zealand EBITDA was up by 27 per cent. The company says contributing to this growth was the company’s same store sales result of 13.8 per cent for the period, driven by the continued success of the $5 Cheaper Every Day campaign and GPS Driver Tracker.
With markets in Australia, New Zealand, Belgium, France, Germany and Japan, Domino’s reported group same store sales of 10.3 per cent for the first half period.
The pizza franchise also announced a fully franked interim dividend of 34.7 cents (70 per cent franked), up 41.1 per cent on the interim dividend paid in the prior corresponding period. The final dividend will be paid on March 15.
Group CEO & Managing Director Don Meij said “our commitment is to a philosophy of being ‘slow where it matters, fast where it counts.’ Slow in the careful preparation of high quality pizzas, safe delivery and friendly service at the door. Fast in that we are cutting the cook time in half, hustling to and from cars and using faster ovens and improved technology,” Meij said.
“This philosophy is expected to deliver strong growth for a number of years as it is delivered throughout our global DMP network,” he added.
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