GROUP - EBIT PERFORMANCE - PRE COVID TO NOW
Domino's
EUROPE - PERFORMANCE
■ Our European business has faced significant geopolitical disruption, challenging macro-
economic conditions, including navigating the highest levels of inflation across the Group
■ Price increases to the customer has seen a decline in customer counts, particularly within
delivery. Nonetheless, delivery orders remain elevated vs. pre-COVID; management are
working to rebalance the Value Equation for our customers and franchisees
■ Network sales +1.3% higher: increasing pricing but smaller weekly customer counts
■ Decreased food volumes through Domino's commissaries, combined with a delay in passing
through increased food costs, affected Domino's Europe's earnings
■ Increased investment in the European network (stores and Head Office), to deliver long-term
growth, also resulted in a short-term impact on margins
■ Denmark: with the new marketing campaign, customer sentiment towards Domino's has
■
materially improved, as have sales and underlying earnings.
Franchisee performance for the December quarter in Europe was resilient given the trading
conditions, with Netherlands and Germany being the leaders within Europe.
88
The recent launch of fries in France and NL,
designed for delivery, was the most
successful sides launch for these markets
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