Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Domino's on track to deliver Full Year guidance

November 9, 2012

Domino's on track to deliver Full Year guidance

Domino's Pizza Enterprises Limited ("Domino's") announced today at its Annual General Meeting Same Store Sales growth for the first quarter of Financial Year 2013 of 1.3%, on top of the 10.3% growth achieved in the same period last year.

Domino's Chief Executive Officer Don Meij highlighted strong organic store opening for the first half of 2013 as Domino's continues towards its forecast of opening 70-80 new stores during 2012/2013.

"Domino's has already opened 18 new stores this year, the strongest-ever start to a year for the Company, and our new store pipeline is the strongest we've had since acquiring the European territories," Mr Meij said.

"These openings include 6 in New Zealand and Australia 12 in Europe, with the Company hoping to open its 1,000th store by December 2013."

With this in mind, Domino's is confirming its Full Year guidance of NPAT growth in the region of 15% and new store openings of 70-80.

Domino's will continue its focus on product development and technology initiatives as key drivers for future growth across both markets.

"To sustain momentum across the business, we are working on current and new product development as well as driving more technology initiatives to enhance customer experiences," Mr Meij said.

"We will be launching new products by February in New Zealand and Australia that will communicate strong value to our customers and evolve our whole value position for 2013.

"Across our markets, we will continue to lead the way with technology innovation by streamlining our ordering platforms to further improve service times."

In addition to technology and operational performance, Domino's Pizza has ongoing sustainability initiatives designed to minimise its environmental impact.

"We will be purchasing more Electric Scooters and Bicycles for deliveries as a part of our sustainability initiatives. This supports a more positive Domino's experience for customers now and into the future."

Domino's and its franchisees have over 900 stores across five countries, employing more than 21,000 part-time and full-time staff.

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Royal Society: Review Finds Community Water Fluoridation Safe And Effective

A review of the scientific evidence for and against the efficacy and safety of fluoridation of public water supplies has found that the levels of fluoridation used in New Zealand create no health risks and provide protection against tooth decay. More>>

ALSO:

Scoop Business: Croxley Calls Time On NZ Production In Face Of Cheap Imports

Croxley Stationery, whose stationery brands include Olympic, Warwick and Collins, plans to cease manufacturing in New Zealand because it has struggled to compete with lower-cost imports in a market where the printed word is giving way to electronic communications. More>>

ALSO:

Prefu Roundup: Forecasts Revised, Surplus Intact

The National government heads into the election with its Budget surplus target broadly intact, delivering a set of economic and fiscal forecasts marginally revised from May to reflect weaker commodity prices and a lower tax take. More>>

ALSO:

Convention Centre: Major New SkyCity Hotel And Laneway For Auckland

Today SKYCITY Entertainment Group Limited revealed plans to build a new hotel and pedestrian laneway of bars, restaurants and boutique shopping on land it owns in the Nelson and Hobson Streets block, expanding the SKYCITY Entertainment Precinct. More>>

ALSO:

Igniting The Spark: Bringing The Digital Enabler To Life

Changing a name is, relatively speaking, the easy part of a re-invention. Changing a culture, getting all the ducks in a row, turning yourself inside-out to become customer-inspired is a much bigger challenge. More>>

ALSO:

Ebola And NZ: Targeted Screening At Airport But Risk Low

The risk of any cases of Ebola in New Zealand remains very low, but health and border authorities are well prepared... anyone arriving in New Zealand who in the last three weeks has visited countries affected will be screened for symptoms of the disease. More>>

ALSO:

Scoop Business: Brewer Seeking Crowd-Funding Cancels Shareholders’ Dividends

Shareholders in Renaissance Brewing company, the first business to seek equity through crowd-funding in New Zealand, have cancelled their claim on $147,000 of accumulated earnings “to make Renaissance a more attractive investment opportunity.” More>>

ALSO:

Get More From Scoop

 
 
Computer Power Plus

Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news