DOMINO’S Pizza Enterprises is on track to deliver its heralded turnaround, with trading this year exceeding expectations.
After a difficult 2006-07, when net profit fell 30 per cent to $9.13 million, Domino’s is expecting net profit to rise by between 25 and 30 per cent.However, chief executive Don Meij said it was too early to change year-end guidance.
Mr Meij told the company’s annual general meeting yesterday that he expected to be able to provide updated guidance closer to the end of the first half.
“Management remains optimistic but not complacent with eight months of trading ahead,” he said.
Domino’s expects to add 60 stores to its network this year.
Mr Meij said growth was expected to continue with new store openings, same-store sales increases and innovation through new technology, menu items and advertising.
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