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Dominos Pizza Share Discussion Threads
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|Good numbers from JE. ... disappointment that there are no upgrades to full-year estimates.|
|Uptrend just about intact again.|
|Good week +12p
6th jan Numis buy tp 446p
|Works fine for me|
|dominos.co.uk website down again for a few hours seems
|It may turn out that letting DMP run Germany was an excellent idea whilst keeping 33%. It's hard to see that Dominos UK would have achieved as much in a year given how Germany was going under their control.
P, thanks for your reply #2346. The German stake may provide a nice bonus in due course.|
|MEDIA RELEASE (by DOMINO'S PIZZA ENTERPRISES in Australia)
15 December 2016
Domino’s completes German store integration cements market leadership
Domino’s Pizza Enterprises Limited (ASX: DMP) has completed
the final stages of its acquisition of Germany’s Joey’s Pizza,
today completing the final conversion of the acquired stores
to a Domino’s franchise, six months ahead of schedule.
The milestone means there are now more Domino’s stores in Germany
than any other pizza chain, with the country’s 215 stores able to leverage the benefits of the Company’s larger scale across Europe and internationally
DMP and UK listed Domino’s Pizza Group plc (DPG) announced in December 2015 the
formation of a joint venture to acquire the ‘Joey’s Pizza’ chain of 212 stores in Germany, as well as selected Domino’s stores operated by DPG.
The final conversion was completed one year after the acquisition.
Domino’s Pizza Enterprises Ltd Group CEO and Managing Director Don Meij said in addition to rebranding the former Joey’s stores and aligning procedures and menus
, all Domino’s stores in Germany were now on the same IT platform, providing further efficiencies and making customer ordering even simpler.
“This process was complex but has proceeded well ahead of schedule, which is a testament to all of those involved. It means we are well placed to serve the world’s fourth largest pizza market,” Mr Meij said.
“Our operations in Germany will benefit from a single, highly recognisable brand, and from the technology and operational investments our business makes across the seven countries in which we operate. “We are focused on expanding our network in Germany even further , and adding organic growth through locally inspired menu offerings and the best customer service platforms available in the market.”
At Domino’s AGM last month, the Company announced digital sales growth in Europe of 38.1%, which Mr Meij said reflected the customer demand for the Internet of Food™, where at least part of the transaction was completed online.
Domino’s Europe CEO Andrew Rennie said customers were voting with their feet, and their mobile devices, in ordering from the country’s newest Domino’s stores.
“As in every other market, our German stores put our customers first, which is reflected across our business and no more so than in our menu, which includes traditional favourites our customers have come to expect.
“This transition has proceeded smoothly because we are respectful of the regional differences, but passionate about the benefits collaboration and scale can bring
to our business, and the franchisees who are a key part of our business.
“Just as with our customers across the world, we now have the ability to roll out in Germany our market leading innovations including our ordering app, on-time cooking and GPS Driver Tracker.
“Removing friction when customers are ordering, reducing the time it takes to collect or have a pizza delivered, and providing hot, fresh, tasty meals, that is a universal customer demand.
“Our franchisees and management team have started the journey on our ‘high-volume
mentality’ model, which provides affordable, high quality meals that bring our customers back time and again.
“Already we are seeing the benefits of having a single, aligned brand in Germany, and our team is tremendously excited about growing our operations here to ensure even more customers can enjoy our piping hot pizzas.”|
|Quite a few blowitall :-)
LON:ABF LON:AZN LON:BA LON:BATS LON:BRBY LON:BVIC LON:CTEC LON:DLAR LON:DOM LON:GNK LON:GSK LON:HILS LON:IMB LON:MKS LON:PLP LON:PPB LON:RRS LON:RTN LON:SSPG|
Thinking of getting in here, as you say probably a good defensive stock. What, may I ask are your others.|
|14th dec Berenberg buy tp 425p
|AA , I still like the growth story , the increasing dividend, the management and the defensive quality of the company.
I`ve held and added these for many years and it`s been one of the best for me.
My portfolio these days is pretty defensive.|
|P, what were your reasons?
I see them as having to keep the hamster wheel going faster and faster to justify the rating eg having to pay incentives to franchisees to split areas.
I also struggle to understand the new Nordic stakes when they appear to have given up on their own efforts in Germany and relied on the Australian Domino's to make Germany a success. Germany surely being a better market for upside than the Scandinavian ones.|
|For the first time in a few years I`ve added to my existing holding this morning.|
|Credit Suisse raised their PT to 475p from 430p; "outperform'.|
|Numis note yesterday:
Ahead of today's capital markets day DOM has announced that it is increasing its
long term targetfor the UK to 1,600 storesfivm 1,200 previously At the current
run rate, this equates to more than 8 years ofestate growth at 6% CAGR. The group
continues to trade well and management is reiterating FY guidance.
Increasing UK store count opportunity by 33%. With the continued strong store
performance and successful strategy ofsplitting territories, management is
increasing its long term targetfor the UK to reach 1,600 stores (timing undefined)
from its previous target of1,200. With 80 store openings planned this year, taking
its store count to c.950, this run rate suggests more than 8 years of estate rollout at
a CAGR ofmore than 6%.
At this point, there would be one storefor every 33k people, which compares to DPE
which is targeting one storefor every 21k people in Australia by 2025.
• Upside risk to DCF valuation: We currently assume 6% p.a. revenue growth in the
medium term in our DCF, comprised of 3% LFL growth and 3% estate growth. Each
lppt increase in our revenue growth assumption adds 18p to our DCF valuation.
• International to be a meaningful contributor: With c.100 stores across Ireland,
Switzerland and the Nordics by the end of2016, management has identified
opportunities to reach 400 stores. We currentlyforecast minimal store growth in
Ireland or Switzerland by 2020 (+14 and +19 stores resp.) suggesting material
upside to our store targets, in particularfivm the Nordics where there arefewer
than 35 stores.
• FY16 guidance unchanged: The group is trading well and PBT guidance remains
unchanged (NSe L83.3m). A rephasing ofsupply chain centre projects means capex
in FY16 will be c113m lower than previouslyforecast. Demonstrating capital
discipline, surplus cash will be returned to shareholders through buybacks albeit
the current programme has been paused as it resolves an issue.|
|For me there is 50p++ upside in the stock from this level|
|Good evening philanderer. Thanks for posting the broker recommendations. Yes, I've been a happy shareholder for more than a decade now.
Notice how the best quality businesses seem to attract the least traffic on this website? Glancing at the stocks attracting most comments, many punters seem to be speculating on oil, gas and energy stocks or the next hot tech stock...|
|Evening robin , I think we`ve been here for quite a few years now :~)|
|The Capital Markets Day webcast is well worth watching...lots of interesting facts and figures on the business. I never knew the Icelandic people loved pizzas so much! Still plenty of growth ahead.|
|Numis 'buy' tp 446p reiteration|
|That chart downtrend almost reversed with today`s news .|
|Cheers fastbuck, I guess it's the same situation for DOM's competition also so all relative! Interesting though to see if food inflation in the supermarkets means more will look at the take-away menu!|
|Dealer1972, heard a short interview on BRR media, no doubt covered more in the conf call, yes food inflation from forex movements principally will be a cost that Dominos are passing onto their franchisees /consumersThis won't be the first time they need to raise prices, not sure how much that will mean to the average 12 inch pizzaOverseas operations profits of course, if profitable is a benefit|