Domino’s lifts full year profit almost 48 per cent to $42.3 million

DOMINO’S has lifted its full year profit almost 48 per cent and forecasts further growth as it continues to roll out stores both at home and overseas.

Emma Hart, from Domino's Pizza. Domino's is reporting strong growth figures. Pic Jono Searle. Picture: Searle Jonathon

AUSTRALIAN-LISTED pizza company Domino’s has lifted its full year profit almost 48 per cent and forecasts further growth as it continues to roll out stores both at home and overseas.

Domino’s Pizza Enterprises made a net profit of $42.3 million for the 12 months to June 30, up from $28.7 million a year ago. The pizza maker expects to lift its earnings by around 20 per cent in 2014/15 as it rolls out up to 185 new stores.

Domino’s added 44 stores across Australia and New Zealand during 2013/14, along with 27 in Europe and 61 in Japan.

Meanwhile, same store sales lifted 5.8 per cent, thanks in part to the introduction of new products, including its Summer Prawn and Perri Perri ranges in Australia.

The company recorded further sales growth in July, with same store figures up 14.8 per cent in Europe and 10.3 per cent in Australia and New Zealand.

Chief executive Don Meij said the company expected the company’s growth to continue in 2014/15.

“We are confident of continuing the current strong momentum to deliver EBITDA growth in the region of 20 per cent and add approximately 175-185 new stores to the group,” he said.

The company announced a fully-franked final dividend of 19 cents per share, which takes the full year distribution to 36.7 cents, up from 30.9 cents in 2013.