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

 

Scoop Business: Alex Swney Pleads Guilty To $2.5M Fraud Charge

Alex Swney, former chief executive of the Auckland city centre business association Heart of the City, has pleaded guilty to dishonestly using documents to obtain $2.5 million. More>>

ALSO:

Petrol Burns Prices: Second Consecutive Quarterly Fall For CPI

The consumers price index (CPI) fell 0.3 percent in the March 2015 quarter, following a 0.2 percent fall in the December 2014 quarter, Statistics New Zealand said today. The last time the CPI showed two consecutive quarterly falls was in the December 1998 and March 1999 quarters. More>>

ALSO:

Scoop Business: NZ Broadcasters Launch Battle Against Global Mode ISPs

New Zealand broadcasters have confirmed they’ve launched legal proceedings against internet service providers who give customers’ access to “global mode”, which allows customers access to offshore online content, claiming it breaches the local content providers’ copyright. More>>

ALSO:

Sanford: Closure Of Christchurch Mussel Processing Plant Confirmed

The decision comes after a period of consultation with the 232 staff employed at the Riccarton site, who were told on 9 April that Sanford was considering the future of mussel processing in Christchurch. Recent weather patterns had impacted on natural spat (offspring) supply... More>>

ALSO:

Price Of Cheese: Dairy Product Prices Fall To The Lowest This Year

Dairy product prices fell in the latest GlobalDairyTrade auction, hitting the lowest level in the 2015 auctions so far, as prices for milk powder and butter slid amid concern about the outlook for commodities. More>>

ALSO:

Houston, We Have An Air Route: Air New Zealand To Fly Direct To The Heart Of Texas

Air New Zealand will fly its completely refitted Boeing 777-200 aircraft between Auckland and Houston up to five times a week opening up the state of Texas as well as popular nearby tourist states such as Louisiana and Florida. More>>

ALSO:

Scoop Business: Reserve Bank’s Spencer Calls On Govt To Rethink Housing Tax

The Reserve Bank has urged the government to take another look at a capital gains tax on investment in housing, allow increased high-density development and cut red tape for planning consents to address an over-heated Auckland property market. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news