Dominos starts FY12 with robust same store sales growth

Dominos Pizza Enterprises had announced their robust Same Store Sales growth during its Annual General Meeting.

The pizza franchises had successfully achieved this Same Store Sales in the first four months of the Financial Year 2012 with 10.3% growth on top of the 7.83% growth achieved in the same period last year.

“We have experienced strong Same Store Sales growth during the first four months of the 2012 Financial Year, particularly noteworthy given the current economic environment being experienced by retail generally,” said Don Meij, Dominos Chief Executive Officer.

“However, due to solid results from promotions from October to June last year we have some very strong numbers to roll over for the remainder of this Financial Year.”

According to Meij, the Same Store Sales has been an impressive result for the first four months of the 2012 Financial Year, however the fast food franchises is still cautious about its ability to maintain the trend for the full year.

“Given these considerations we are expecting to achieve the upper end of our 2012 Full Year Guidance of 3-5% Same Store Sales growth, and reaffirming NPAT growth in the region of 15%.”
The pizza franchises had experienced strong organic growth in the first half of 2012 from its project in opening 60 – 70 new stores during 2011/12.

“Domino’s has already opened 12 new stores this year and we expect to open 35 – 40 during the first half of 2011/12,” Mr Meij said.

“These openings include 6 in Australia, 1 in New Zealand, 2 in France and 3 in The Netherlands, which are all new image stores that feature seating for customers and an open view to the store’s pizza making area.”

Meij has also highlighted that Dominos Pizza Enterprise will continue its focus on product development and technology initiatives in order to provide customers with greater choices and flexibility.

“To ensure we continue momentum across the business we are working on new product development ideas while also driving more technology initiatives to ensure we can continue to give our customer greater choice and portability,” said Meij.