Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Domino’s Pizza (DMP) shares are on the rise after the global fast food business posted its full-year results, including a $188.2 million profit
  • The net profit after tax result is a 29.2 per cent increase from FY20, while earnings for the pizza business hit $293 million
  • Domino’s shareholders will net a final year dividend of 85.1 cents, bringing their total dividend for FY21 to $1.73 per share, a 45 per cent rise on FY20
  • Performance wise, DMP says it served up 281 million pizzas over the year, while also launching 285 new stores across Australia, Asia and Europe
  • Company shares are trading 7.11 per cent in the green at $136.00 per share at 2:55 pm AEST

Domino’s Pizza (DMP) shares are on the rise after the global fast food business posted its sizzling full-year results, including a $188.2 million profit.

That net profit after tax result represents a 29.2 per cent increase from FY2o and was spurred on by global food sales of $3.74 billion.

The pizza parlour chain netted full year earnings before interest and taxes of $293 million — a 27 per cent rise year on year.

Domino’s shareholders were set to net a final year dividend of 85.1 cents, bringing their total dividend for FY21 to $1.73 per share, a 45 per cent rise on FY20.

Group CEO and Managing Director Don Meij said staff members deserved a lot of credit for keeping the pizza business open during COVID-19 lockdowns.

“Stores in each market are responding to local conditions, societal restrictions remain in place in most markets, which continue to affect carry-out sales while delivery orders remain strong,” Mr Meij said.

“We recognise our business is privileged to continue to serve our communities during this time.”

In terms of performance, DMP served up 281 million pizzas over the year, while also launching 285 new stores across Australia, Asia and Europe.

Mr Meij said he expected even more new stores to open in FY22, while sales and growth were predicted to remain strong.

“We expect Domino’s Pizza Enterprises to deliver significant profit increases over the medium term, driven by new store openings and network sales growth,” Mr Meij said.

“Our business has the track record, cash flow and expanded debt facilities to deliver on our strategy.

“We intend to reinvest in long-term growth, benefiting franchisees and shareholders alike.”

Shares in the global fast food franchise were trading trading 7.11 per cent in the green at $136.00 per share at 2:55 pm AEST.

DMP by the numbers
More From The Market Herald

" Appen (ASX:APX) positioned to weather pandemic, reaffirms guidance

Data annotation and artificial intelligence company Appen (ASX:APX) has today reaffirmed its guidance for the 2020…

" Appen (ASX:APX) beats earnings guidance, outperforms a weak market

Data annotation and artificial intelligence specialist Appen (APX) has soared today after beating its earnings guidance…
Appen (ASX:APX) - CEO, Mark Brayan

" Appen’s (ASX:APX) shares rise on business restructure

Machine intelligence company Appen (ASX:APX) has made some changes to the structure of its business.
The Market Herald Video

" Appen (ASX:APX) receives $1.17b takeover bid from Canadian tech giant

Appen (ASX:APX) has received an unsolicited $1.17 billion takeover bid from Canadian telco giant Telus International.