Domino's is snapping market share away from not only its pizza-selling rivals but also players in the wider fast-food sector, including burger chains, says its chief executive.
The ASX-listed company, which recently opened its 100th New Zealand store, yesterday reported a 44 per cent lift in underlying annual net profit to a record A$92 million ($98m), which was well ahead of guidance.
Total network sales reached A$1.96b ($2.1b), a 32.7 per cent lift on the same period a year earlier.
Group revenue, which exclude franchisees' sales, rose 32.4 per cent to A$930.2 million.
While the overall pizza market is posting annual growth of around 2 per cent, Domino's reported full-year same store sales growth of 14.8 per cent for Australia and New Zealand and 10.9 per cent for the group as a whole.