Domino’s annual profits jump

Sarah Stowe

Domino’s Pizza Enterprises has reached an annual profit jump of $82.4m, increasing its store count in Australia/New Zealand (ANZ) from 900 to 1200.Domino's has reached an annual profit jump of $82.4 million. Image:

In the wake of the Eagle Boys decline, Domino’s has posted an annual profit increase of 28.7 percent to $82.4m. Net profit for the 12 months to July 3 increased to $64m from the prior corresponding period, according to a report by Inside Retail.

Don Meij, CEO, said the results were driven by expansion and the brand’s “sophisticated digital platforms”.

“We are focused on improving technology, pushing safer more efficient delivery while investing in world-class ordering platforms,” he said.

And there’s more expansion on the cards.

“Due to the extraordinary growth being experienced in ANZ, the returns from investment in our program of digital initiatives and the capacity restraints in some areas of the region, we are confident that ANZ has the capacity for 1200 stores, up from our previous guidance of 900 stores,” said Meij.

One way to expand the business may be the purchase of the Eagle Boys‘ business, with Meij reportedly eyeing up the chain.