Domino’s Net Profit Tax up to 20.3% on the previous year.
Domino’s Pizza Enterprises Limited (DMP), Australia’s largest pizza maker, announces a $21.4 million 2011 full year Net Profit Tax, up 20.3%, taking their annual growth rate from 2007-2011 financial years to 23.9% (CAGR).
Over the year up to 3 July 2011, Domino’s expanded its network adding 53 stores, including 28 stores in Australia and New Zealand and 25 stores in Europe, making the year-end store count to 866. This effort resulted to a Total Network Sales of $746.4 million. Strong Same Store Sales (SSS) for the full year grew 11% over the corresponding period last year.
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.
“Our solid performance for the 2011 full year is the result of strong Network Sales of $746.4 million up 7.5% on the last year,” Meij 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.
Meij further said, Domino’s group Same Store Sales were aided by strong promotions in both the Australian/New Zealand and European markets.
Meij is also confident that Domino’s will be able to keep up their performance with a target NPAT in the region of 15% above 2011, and an additional 60 t0 70 new stores in the network.
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