Report
Johannes Faul
EUR 100.00 For Business Accounts Only

We Look Past Domino's Short-Term Overhangs and Sales Growth Volatility

Narrow-moat Domino’s Pizza same-store sales growth of 3.3% in the first half of fiscal 2019 beat the 2.9% announced at the trading update in November 2018. The positive sales momentum continued in the initial seven weeks of the second half, with like-for-like sales up again and tracking at 4.0%. However, sales growth remains at the bottom end of the targeted 3%-6%, held back by a maturing, core Australian market, but also in France. Weak French sales growth dragged down the European segment, whi...
Underlying
Domino's Pizza Enterprises Limited

Domino's Pizza is engaged in the operation of retail food outlets and the operation of franchise services. Co. operates in Australia, New Zealand, France, Belgium, The Netherlands, Germany and Japan. Co.'s reportable segments are focused on the geographical location in which it operates in: Australia/New Zealand, Europe, and Japan. As of Jul 3 2016, Co.'s total network store count was 714 in Australia and New Zealand, 816 in Europe and 453 in Japan.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Johannes Faul

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