Domino’s: Now delivering globally

Hyperion Asset Management

Hyperion Asset Management

Domino’s Pizza Enterprises exceeded our expectations again. Five years ago, our long-term forecast for DMP’s Australian pizza market share was 25%. Domino's is now at approximately 33% market share and looks destined to go a lot higher, given Eagle Boys' and Pizza Hut's woes and Domino's management’s high level of reinvestment and innovation. This result however surprised us in relation to its European operations, rather than the Australian operations, with the digital rollout and increased marketing spend having a bigger impact on sales than we envisaged. Australia/NZ network sales are $900m versus $600m for its European operations, yet the countries in which DMP has the franchise rights to, France, Germany, Netherlands, Belgium, have a population more than six times that of Australia & New Zealand, so long-term growth options for Domino’s are large.

1 topic

1 stock mentioned

Hyperion Asset Management is singularly focused on delivering outperformance over the long-term through investing in high calibre Australian equities.

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.