While pizza industry sales are estimated to be growing around 2 per cent a year, Domino’s same-store sales in Australia and New Zealand surged 14.8 per cent, outperforming guidance of between 11 and 13 per cent.
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“There’s no shame in wanting salad when everyone else wants pizza, especially now that Domino’s has found a flawless way to offer even more options for customers across the country”.
Despite overall revenue rising, Japan’s same store sales declined while Europe (Germany, France, Netherlands and Belgium) met the lower end of the company’s guidance with 8.2 per cent same store sales growth.
Its net profit after tax hit $92.0 million, up 43.6% on the prior corresponding period, which exceeded expectations.
Chief executive Don Meij said the group was looking at ways to accelerate growth through network expansion and acquisitions, after reporting another record full-year profit.
Domino’s Pizza has lifted its annual profit 28.7 per cent to $82.4 million and expects to beat that by another 30 per cent in 2016/17.
But once the company is forced to renew the old agreement, it will likely result in a 25 per cent reduction in profit, retail analyst Michael Simotas of Deutsche Bank said last month. “It is quite small”, Meij said.
That meant there was plenty of room to grab a bigger market share, he said.
“We are focused on improving technology, pushing safer more efficient delivery while investing in world-class ordering platforms”, Meij said.
Domino’s will begin delivering salads nationwide “because sometimes, there’s that one person who only wants a salad on pizza night”, the company said in a statement.
Domino’s CEO Don Meij delivered another year of stellar growth but said sales and earnings would grow at a slower pace in 2017.
The company’s robot is being trialled with customers from the Hamilton, Brisbane store.
“You’re also going to see some new pizzas added to the menu which will be very exciting. and some new side items”.
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The pizza giant has earned more dough by taking customers from drive-thru competitors through digital innovations, Domino’s claims in its report for the 2016 financial year.
