AAP
August 14, 2012
DOMINO’S Pizza has posted a 26 per cent rise in full-year profit on stronger sales and rising store numbers.
Its net profit of $26.9 million for the year to June 30 was up from $21.4 million in the previous year.
Total sales were $805.3 million in the year to June, up eight per cent from the previous year.
Domino’s added 62 stores in the year to June to 908.
Same store sales, which takes out the impact of new stores on sales, grew by 6.5 per cent in the year to June.
Chief executive Don Meij on Tuesday said new products and expansion into social media and online ordering contributed to the company’s profit growth.
He forecast profit growth of about 15 per cent in the 2012/13 financial year, and said another 70 to 80 new stores would be opened.
Online sales were expected to make up 55 to 60 per cent of total sales in Australia by June 2013, Mr Meij said.
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