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Highlights:
- Domino’s Pizza has added 450 new stores in FY22.
- The firm’s online sales has increased 4.4% to AU$3.06 billion, while its network sales rose 4.6% to AU$3.92 billion.
- Domino’s EBIT (Earnings before Interest and Taxes) fell 10.5% to AU$262.9 million.
Shares of Domino’s Pizza Enterprises Limited (ASX.DMP) were spotted trading 6.783% strong at AU$71.620 apiece on ASX today (24 August 2022). The company, on Wednesday (24 August 2022), has shared its financial results for 12 months ended June 2022.
Domino’s has achieved the largest full year new store expansion in the company’s history, opening 294 new stores, an average of more than five stores a week. With the addition of 156 stores in the Company’s 10th acquired market, Taiwan, Domino’s grew its multinational store footprint by 450 new stores in FY22 (up 15.3%).
Domino’s, aiming for even a larger expansion this year, has announced three new markets in Asia (Malaysia, Singapore and Cambodia).
Image Source: © Tpophoto | Megapixl.com
Highlights from Domino’s FY22 business and financial update:
- Domino’s global food sales reached a record AU$3.92 billion in FY22, with online sales passing AU$3 billion for the first time (AU$3.06B).
- The Company delivered EBIT of AU$262.9 million, up 19.1% higher than pre-pandemic, but -10.5% lower than the record FY21 result.
- Underlying NPAT (after Minority Interest) fell 12.5% to AU$165.0 million.
- 450 new stores added (+294 organic, +156 acquired).
- Domino’s inked binding agreement to acquire three new markets – Malaysia, Singapore and Cambodia, comprising 287 corporate stores. This acquisition will help Domino increase its future store count outlook in Asia from 2,400 stores to 3,000 stores by 2033.
- The company will pay shareholders a final dividend of 68.1 cents per share (70% franked). This is proposed to be paid on 15 September 2022, with a record date of 31 August 2022.
Share price performance of Domino’s:
The stock DMP, in last one month, has gained 3.38% on ASX. In last six months, the stock has fallen 11% and in last one year, the stock has declined 50% on ASX. However, seeing the broader picture, DMP has gained 60.61% in last five years.
