Trading update and Investor call - 24 January, 2024

Domino’s Pizza Enterprises Ltd has released a trading update in advance of the Half Year Results (February 21, 2024).

• Domino’s is delivering on a wide-ranging program to optimise the business, with material savings, improved efficiency, and reinvestment into improving Franchisee Partner economics

• Strong sales growth in Germany/Australia/New Zealand, and a positive operational performance in Europe have been offset by negative H1 Same Store Sales in Japan, Taiwan, Malaysia and France, which are weighing on the broader business

• Management is focused on growing weekly orders and franchisee margins, based on successes in ANZ and Germany, and is moving quickly to apply similar approaches in all markets

Domino’s H1 preliminary NPBT is expected to be between $87-90m. This is below H1 23 ($104.8m), but higher than the preceding Half (H2 23, $74.4m). The preliminary result for the 26 weeks ending 31 December 2023 is based on underlying earnings and remains subject to audit review and finalisation.

[Trading update - PDF]

A Transcript of the Q&A will be uploaded here.