Domino’s Pizza Enterprises Ltd (ASX:DMP) has reported a record profit for FY18 and increased dividends on higher sales but shares traded lower on the open this morning.
Adjusted net profit after tax (NPAT) came in at $136.2 million, up 15% on FY17 and underlying EBITDA was $259.2 million, up 12.3% on FY17.
Domino’s CEO and managing director Don Meij said: “Less than four years ago we surpassed $1 billion in sales, and this year Group Network Sales reached $2.59 billion – this continues to be a fast growth business.
“We delivered positive growth in all markets but after consecutive years of significant and compounding growth, our bar for success is even higher.”
Guiding to growth in FY19
The company expects same-store sales growth across the group of between 3 and 6% in FY19, and expects to add 225 to 250 new stores.
Domino's has guided to EBIT of between $227 and $247 million.