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DMP - Domino's Pizza Enterprises

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peter2 said:
It's been one to avoid since middle of 2021.

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I think they lost their way, they were spending money on drone and robot delivery and other BS.
I think I used them twice in my life as a roadtrip treat to a teenager son.
On principle, crap cheap food should be a great market favourite but they are not even cheap anymore indeed
 
AMazing to see such a deep moat company fall so far.
So 1H24 profit is less than 1H23, and bottom line, literally, is that improvements still needed mean FY24 guidance is withdrawn.
With FY23 ROE of 25%, Book Value of <$6, heaps of debt and with a declining earnings outlook do you think they'll support a share price of $39.50? I don't.
It's actually healthy to starve a bit (fasting) and that's what people who want to age functionally need to do before getting home from the factory/field/office and rustling up a home-made meal - like a mouth watering banana or a nice carrot.

Not Held
Sentiment: Never

 
A lot of DMP news floating around with the recent drop, I had it on my list to look at this weekend.

One thing of note that people aren't talking about is that despite a 75% drawdown, DMP has still provided an 11.5% p.a. CAGR over the last 10 years. If it's a business you identified as good 10 years ago and held it on the basis of a long term investment, despite severe volatility, you would've done much better than OK.




It's also still outperforming XJO total return (aka XNT) on a 10Y basis



The value of buying a quality business...unlike the Brainchips of this world.
 
there's an 8 per cent drop in there today...



The big news contained in Domino’s’ trading and strategy update, released late on Wednesday, was that chief executive Don Meij will close 80 stores in Japan (partially offset by 20 new store openings) and between 20 and 30 stores in France (partially offset by 10 openings) in a bid to arrest the company’s underperformance in these markets.

As a result, Domino’s’ total store count in the 2025 financial year is likely to be flat. But more than this, the company has been forced to wind back its longer-term ambitions; Meij will temporarily abandon Domino’s’ medium-term target of store growth between 7 per cent and 9 per cent a year until he can improve franchisee profitability, and it will not achieve its goal of reaching 7100 stores (or almost double the current store footprint) by 2033 as previously hoped.
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always ambitious ( or patently absurd )
 
Gday. I noticed on the dominoes page that the asx will drop this stock out of the asx , does it drop out of the 100? , will it have an affect on the stock price .I’m asking as I have some of these shares , thanks
 
qldfrog said:
On principle, crap cheap food should be a great market favourite but they are not even cheap anymore indeed
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Yes their prices have gone up but so has the price of all other fast food and just food in general. They are still cheaper than most options. For example the basic range of Pizzas you can get a lunch special $11 for a large pizza (the basic value range) and a drink. Can you point out some examples of where you are going to eat lunch for less than $11?
 
Trucksyd said:
Gday. I noticed on the dominoes page that the asx will drop this stock out of the asx , does it drop out of the 100? , will it have an affect on the stock price .I’m asking as I have some of these shares , thanks
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Apparently it will drop out of the ASX/S&P100 Index which should force some fund or etf selling, but nothing about it dropping out of the ASX/S&P200 or ASX/S&P300.

 
One of the things where I have doubts about the Domino's strategy is the continued creeping expansion of their menu. They now have various chicken products, a wide range of desserts, pasta, pizza dogs, milshakes etc.

McDonalds kept expanding their menu over time but the difference is a typical McDonalds has a much bigger kitchen and more staff working hence they can easily handle a larger and more complex menu. Whereas a Dominos typically has a small store footprint with a modest kitchen and a limited number of employees and less turnover than a McDonalds. This means for Domino's an ever expanding menu can lead to slow order preparation times, out of stock items, increased food wastage, and stressful working conditions for staff. And to be honest I am guessing a lot of these products do not sell too well. Who really wants to buy a pizza dog?
 
Value Hunter said:
Yeah obviously eating at home is cheaper. But I meant compared to eating out other takeaways, etc
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Good surprise today Zambrero sunshine Plaza: any burrito plus drink 19$
The drink included for me a beer from the tap(4 pines) too big for me, a glass of Pino Grigio for the lady, got a complimentary plate of corn chips and salsa
Very big plates..i know it is more than 11$ but much better value for money
I do understand the ,8$ can be a make it or break it for some
And it is the first time for a long while i have been happy looking at the price so globally you are right !
Fast good is kind of cheaper
 
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