Domino’s posts record 40% increase in net profit after tax
Domino’s Pizza Enterprises Limited delivered Net Profit after Tax of $64 million in FY15.
The company said that the record jump was on the back of record store growth, strong operations in all six markets and industry-shifting digital innovation.
Group CEO and Managing Director, Don Meij said: “We have continued the positive sales momentum right across the Group in each of our six markets and in ANZ we delivered another year of strong earnings growth driven by double digit SSS and record store openings.”
“Product innovation continued to be core to our business with the ANZ menu inspired by the streetfood trend with flavours such as the launch of Pulled Pork, Pulled Beef and the popular oven baked Churros.”
Company revenues rose by 19.3% to $702.4 million, while EBITDA grew 34.4% to $127.8 million.
Domino’s said that the ANZ segment recorded strong Same Store Sales (SSS) growth of 11.3% largely driven by the success of digital and product innovation and the interactive Pizza Mogul platform which continue to grow digital sales, increase lunch sales and attract new customers.
The market achieved record new store organic growth of 59 new stores, with 86% of all stores now refurbished into the next generation ‘Entice’ store image.
“In ANZ we have in excess of 40 exciting digital projects in the pipeline for FY16. This includes many that will make the ordering process even faster and easier for our customers with a 15 and 20 Minute Delivery Guarantee and Fast Favourites which allows customers to order in fewer clicks,” Meij said.
“We have only just fired up the ovens on what is possible with GPS Driver Tracker. The rollout of the 15 and 20 Minute Service Guarantee, a QSR first, means customers will reap the benefits of piping hot, fresh pizzas, reduced waiting times and increased convenience.”
“The algorithm behind the 15 and 20 Minute Delivery Guarantee, as well as GPS Driver Tracker, means it’s only activated when we can do this safely from an operations perspective.”
“This move will see us compete in a new market, taking share from the convenient fast food drive-thru outlets.”
