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.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Banks: Westpac Keeps Core Government Transactions Contract

The local arm of Westpac Banking Corp has kept its contract with the New Zealand government to provide core transactions, but will have to share peripheral services with its rivals. More>>


Science Investment Plan: Universities Welcome Statement

Universities New Zealand has welcomed the National Statement of Science Investment released by the Government today... this is a critical document as it sets out the Government’s ten-year strategic direction that will guide future investment in New Zealand’s science system. More>>


Scouring: Cavalier Merger Would Extract 'Monopoly Rents' - Godfrey Hirst

A merger of Cavalier Wool Holdings and New Zealand Wool Services International's two wool scouring operations would create a monopoly, says carpet maker Godfrey Hirst. The Commerce Commission on Friday released its second draft determination on the merger, maintaining its view that the public benefits would outweigh the loss of competition. More>>


Scoop Review Of Books: She Means Business

As Foreman says in her conclusion, this is a business book. It opens with a brief biographical section followed by a collection of interesting tips for entrepreneurs... More>>


Hourly Wage Gap Grows: Gender Pay Gap Still Fixed At Fourteen Percent

“The totally unchanged pay gap is a slap in the face for women, families and the economy,” says Coalition spokesperson, Angela McLeod. Even worse, Māori and Pacific women face an outrageous pay gap of 28% and 33% when compared with the pay packets of Pākehā men. More>>


Housing: English On Housing Affordability And The Economy

"Long lead times in the planning process tend to drive prices higher in the upswing of the housing cycle. And those lead times increase the risk that eight years later, when additional supply arrives, the demand shock that spurred the additional supply has reversed. The resulting excess supply could produce a price crash..." More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news