What Happened to the Domino’s Pizza Share Price?
Domino’s Pizza Enterprises [ASX:DMP] operates retail food outlets and a franchise service. DMP holds the master franchise rights for the Domino’s brand in Australia, New Zealand, France, Belgium and the Netherlands.
The company has 970 stores across five countries.
DMP closed up on Friday 2.46%
Why Did This Happen to Domino’s Pizza Share Price?
It’s been a good day, and a good week, for the pizza company.
At the start of the week, the company reported net profit for the 2014 financial year was up 47.62% to $42.30 million.
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Revenue for the year was up a massive 99.62% to $588.67 million. Same store sales across Australian and New Zealand grew by 6.3%.
What Now for Domino’s Pizza Enterprises?
Since the financial results were released, the share price has moved from $20.45 to $24.59 today. That’s a 20% growth in just five trading days.
In fact, since listing on the ASX in May 2005, Domino’s Pizza shares have defied most of the major market downturns.
The final dividend is 19 cents, bringing the full year dividend to 36.7 cents, compared to 30.9 cents last year.
The company also believes they will increase EBITDA earnings by 20% in the 2015 financial year and add another 185 stores.
If you are looking to add this stock to your portfolio, wait for some profit taking and buy on a dip.
Shae Smith+
Editor, Money Weekend
The post Why Did Domino’s Pizza Share Price Rise Today? appeared first on Stock Market News, Finance and Investments | Money Morning Australia.
