First Impression: Domino's Pizza-DMP- FY16 Result
Group same store sales (SSS) growth was strong at 10.9% (cycling 8.6%).Regional SSS growth: ANZ 14.8% (cycling 11.3% and vs guidance of 11-13%); Europe at 8.2% (cycling 6.4% and vs guidance of 8-10%); and Japan at -2.1% (cycling 1.8% and vs guidance of -2-0%). 175 net store openings (excluding acquisitions) in FY16, 44 in ANZ, 62 in Europe and 69 in Japan. FY17 store opening target of 175-195 across the group. Outlook: FY17 growth guidance: EBITDA growth in the region of 25%, NPAT growth in the region of 30%,Regional SSS growth guidance: ANZ of 10-12%, Europe of 5-7%, and Japan 0-2%.Net capex of $85-95m.
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