Without giving any details away, Domino’s Pizza has upgraded its profit guidance and expects its net profit growth for the first half of the year to increase by15 per cent or more.
It says its half year net profit after tax to 2 January 2011 to be “in the vicinity of $10 million”, which will be an increase of approximately 15 per cent on the first half 2010 net profit of $8.7 million.
According to the company, the update is a result of achieving “strong” same-store-sales across the group in the first six months of 2011.
At the Domino’s annual general meeting on 3 November 2010, management affirmed guidance for the 2011 financial full year net profit growth of 10 to 15 per cent.
Further details will be provided when Domino’s releases those results on 16 February 2011.