Half Year 2025 Media Release
| Stock | Domino's PIZZA Enterprises Ltd (DMP.ASX) |
|---|---|
| Release Time | 25 Feb 2025, 8:01 a.m. |
| Price Sensitive | Yes |
Domino's Pizza Enterprises Reports H1 FY2025 Results
- Strong performances in Australia and Benelux, but challenges in Japan and France
- Savings initiatives underway to optimize costs and simplify the business
- Prioritizing Same Store Sales growth with selective store additions
Domino's Pizza Enterprises Limited (ASX: DMP) announced its financial results for the half-year ended 29 December 2024, delivering a Group EBIT of $100.6 million. This result was 6.7% lower than the prior corresponding period (H1 24) but 0.7% higher than the preceding half (H2 24). The company saw strong earnings performance in Australia (EBIT +7.6% to $67.7m), offset by lower performance in Asia (-19.0% to $17.0m) and Europe (-11.1% to $32.3m), with Japan and France being the subject of close focus to address underperformance. Management has taken decisive action to deliver immediate savings benefits, including the recent announcement to close 205 loss-making stores, as part of a comprehensive business review designed to deliver a simpler, more consistent Domino's. Despite a challenging economic environment, Domino's continues to demonstrate resilience, growing market share underpinned by a strong brand and a menu offering delivering high-quality food for customers at an affordable price. The company is focused on improving unit economics to fuel future growth, prioritizing Same Store Sales growth with continued selective store additions.
Domino's operates in a dynamic industry with substantial growth potential. Success will come from building on the Domino's brand, better capitalizing on its leading market positions, investing in franchise partners, delivering consistently high-quality food and experiences, and telling its story with transparency and passion. The company is committed to returning to profitable growth and delivering improved franchise partner and shareholder returns.