Domino’s Pizza Enterprises Ltd (ASX: DMP) shares rose 13% on Wednesday after reporting its half-year financial results to ASX investors.
Domino’s Pizza Enterprises Ltd or just ‘DMP’ is Australia’s largest pizza chain, both for network store numbers and network sales. It is also the largest franchisee for the Domino’s Pizza brand in the world.
DMP holds the exclusive master franchise rights for the Domino’s brand and network in Australia, New Zealand, Belgium, France, The Netherlands, Japan, Germany and Luxembourg with more than 2,500 stores.
DMP HY Report
The fast-food chain owner today released its 2020 half-year financial results showing a 29% increase in revenue and a profit of $69 million, up 30%. Domino’s will also pay an interim dividend of 66.7 cents per share, fully franked.
Speaking to the results, Domino’s CEO Don Meij took the opportunity to reflect on the growth of the chain in the past decade.
“We closed the last decade with more than 780 stores and $700m in total network sales,” Meij said.
“We ended this decade with almost 2,600 stores, $3b in sales this year, and confidence the strategy that has delivered this performance will allow us to more than double our store count and network sales in the next decade.“
So far in the second half of its 2020 financial year Domino’s has opened 11 stores and achieved same-store sales growth of 6.3%.
Longer-term, DMP pointed to more growth opportunities abroad. “The Company intends to build out the opportunity available in its existing markets, which have a population greater than the United States, and a GDP greater than China.“
Domino’s Pizza shares were last seen changing hands at around $65, giving the company a market capitalisation of $5.6 billion, according to Google Finance.
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