Domino's report record profit
Reports a half year Net Profit after Tax of $29.1m, up 44.2%1 on the prior corresponding period (pcp) last year.
Domino's has attributed the success to digital and product innovation, record store count growth, overseas earnings from Japan, economies of scale and crowdsourcing initiatives.
Domino‟s Group CEO and Managing Director Don Meij said the H1 15 financial performance was unprecedented and positioned the Company well to deliver strong FY15 results to shareholders.
“We have worked hard this half to deliver strong sales assisted by the launch of our successful $4.95 Cheaper Everyday campaign. This price leadership, combined with strong store growth, has contributed to increased customer counts and our strongest SSS in four years,” Meij said.
“The momentum in Europe has also continued with our strongest SSS in both France and The Netherlands reported in three years. This has been achieved despite rolling a VAT increase in France and experiencing a tougher than usual macro environment.”
He confirmed Domino's Japan's (DPJ) results are pleasing and in line with expectations with total sales growth for half year reported at 15.8%.
“DPJ enjoyed another record sales month of ¥4.4 billion in December 2014, not to mention the new monthly sales records achieved across 147 stores in the same month.
“We also opened a record 34 new stores in Japan which included opening in three new regions - Okayama, Fukushima and Nara,” Meij said.
