H45 Food and Beverage Services

Fast-food group tops recipe with big result

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Original article by Catie Low
The Australian Financial Review – Page: 23 : 18-Feb-16

Domino’s Pizza Enterprises has posted a 2015-16 interim net profit of $A43.3m, which is 49 per cent higher than previously. Revenue rose by 30 per cent to $A445.3m. The group forecasts a 35 per cent rise in both earnings and net profit for the full year. Meanwhile, Domino’s intends to increase its focus on the use of digital technology in its home delivery service, and CEO Don Meij says such technology could make drive-through services obsolete.

CORPORATES
DOMINO’S PIZZA ENTERPRISES LIMITED – ASX DMP, BAILLIEU HOLST LIMITED, UBER TECHNOLOGIES INCORPORATED, RED ROOSTER FOODS, McDONALD’S AUSTRALIA LIMITED, DELIVEROO

Cowin’s fee solution to penalty rate stand-off

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Original article by Sue Mitchell
The Australian Financial Review – Page: 4 : 18-Dec-15

Australian businessman Jack Cowin has warned that industries such as hospitality will be forced to increase their prices unless weekend penalty rates are reduced. The founder of Hungry Jack’s argues that fast food restaurants and hotels will need to lift their prices if they have to keep paying people higher wages for doing the same job on weekends as on weekdays. Russell Zimmerman of the Australian Retailers Association says lower penalty rates would enable retailers to employ more staff.

CORPORATES
HUNGRY JACK’S PTY LTD, AUSTRALIAN RETAILERS ASSOCIATION, DOMINO’S PIZZA ENTERPRISES LIMITED – ASX DMP, FAIRFAX MEDIA LIMITED – ASX FXJ, BUSINESS COUNCIL OF AUSTRALIA, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIAN LABOR PARTY, AUSTRALIAN GREENS

Domino’s soars on European deals

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Original article by Sue Mitchell
The Australian Financial Review – Page: 13 & 18 : 17-Dec-15

Australian-listed Domino’s Pizza Enterprises now expects 30 per cent growth in its 2016 underlying EBITDA and net profits. The group had only recently upgraded its earnings guidance to 25 per cent growth. It will also acquire German pizza chain Joey’s via a joint venture with UK-based Domino’s Pizza Group. Meanwhile, Domino’s Pizza Enterprises has secured long-term extensions to its master franchise rights to the Domino’s brand in several European countries.

CORPORATES
DOMINO’S PIZZA ENTERPRISES LIMITED – ASX DMP, DOMINO’S PIZZA GROUP PLC, DOMINO’S PIZZA INCORPORATED, JOEY’S PIZZA, PLATYPUS ASSET MANAGEMENT PTY LTD, PIZZA SPRINT

‘Sham contracts’ undercut Pizza Hut drivers’ agreed pay

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Original article by Adele Ferguson, Sarah Danckert
The Australian Financial Review – Page: 15 : 23-Nov-15

The employment contracts of Pizza Hut Australia are under scrutiny amid allegations of wage exploitation. It has been claimed that some home delivery drivers are paid just $A6 per delivery, and are restricted to making only two deliveries on each round trip. A number of Pizza Hut franchisees have launched a class action for alleged breaches of the franchise code. Other franchise-based businesses have also accused of wage exploitation, including 7-Eleven.

CORPORATES
PIZZA HUT AUSTRALIA, 7-ELEVEN STORES PTY LTD, MAURICE BLACKBURN PTY LTD, SHOP, DISTRIBUTIVE AND ALLIED EMPLOYEES’ ASSOCIATION, FAIRFAX MEDIA LIMITED – ASX FXJ, AUSTRALIAN BROADCASTING CORPORATION, DOMINO’S PIZZA ENTERPRISES LIMITED – ASX DMP

Domino’s dishes up bigger profit but investors still hungry

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Original article by Sue Mitchell
The Australian Financial Review – Page: 17 & 24 : 5-Nov-15

Domino’s Pizza Enterprises expects 25 per cent growth in underlying net profit and EBITDA for 2015-16. The listed fast food group had previously forecast growth of 20 per cent for the fiscal year. Domino’s posted a net profit of $A64m in 2014-15, and analysts expect this to top $A81.2m in 2015-16. Domino’s now boasts more than 1,500 stores in six countries, and it intends to open at least 260 in 2015. Domino’s shares closed $A0.24 lower at $A47.65 on 4 November 2015.

CORPORATES
DOMINO’S PIZZA ENTERPRISES LIMITED – ASX DMP, MACQUARIE EQUITIES LIMITED, PIZZA MOGUL, PIZZA SPRINT

Domino’s still hungry after gobbling rival

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Original article by Sue Mitchell
The Australian Financial Review – Page: 29 : 15-Oct-15

Australian-listed Domino’s Pizza Enterprises will have 330 outlets in France following the Stg35m ($A55m) acquisition of Pizza Sprint. CEO Don Meij says the group is keen to pursue further international acquisitions, as part of an aggressive expansion strategy that aims to double its store numbers worldwide over the next decade. Shares in Domino’s closed 5.4 per cent higher at $A41.95 on 14 October 2015.

CORPORATES
DOMINO’S PIZZA ENTERPRISES LIMITED – ASX DMP, PIZZA SPRINT, FOOD COURT FINANCE SRL, DOMINO’S PIZZA JAPAN INCORPORATED, PLATYPUS ASSET MANAGEMENT PTY LTD, BAILLIEU HOLST LIMITED, BAIN CAPITAL LLC

Cafe owners no fans of Grand Final public holiday

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Original article by Lucille Keen
The Australian Financial Review – Page: 1 & 9 : 5-Oct-15

Port Melbourne cafe Noisette had lower patronage during the AFL Grand Final long weekend, and owner Stephane Bordes says he may have to impose a customer surcharge to cover the high wages costs on public holidays. Bordes says patronage was low during the morning of the Grand Final Eve public holiday, but picked up in the afternoon. Vanilla Lounge in Oakleigh does not impose a surcharge, but owner Helen Spanos says the cafe only just breaks even on public holidays.

CORPORATES
NOISETTE, VANILLA LOUNGE, AUSTRALIAN FOOTBALL LEAGUE, VICTORIA. OFFICE OF THE ATTORNEY-GENERAL, VICTORIA. DEPT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION, AUSTRALIAN LABOR PARTY, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIA. DEPT OF FINANCE, RESTAURANT AND CATERING INDUSTRY ASSOCIATION OF AUSTRALIA INCORPORATED

McDonald’s to change menus after legal breach

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Original article by Patrick Hatch
The Australian Financial Review – Page: 19 : 8-Sep-15

Obesity Policy Coalition executive manager Jane Martin has welcomed a decision by McDonald’s Australia to change the way nutrition information is displayed on its digital menu boards. McDonald’s had been criticised for failing to show the number of kilojoules in each product alongside the price on its recently-introduced menu boards. This could potentially have constituted a breach of food labelling laws in New South Wales.

CORPORATES
McDONALD’S AUSTRALIA LIMITED, OBESITY POLICY COALITION, NEW SOUTH WALES FOOD AUTHORITY

Hospitality workers underpaid $1.2m

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Original article by Ewin Hannan
The Australian Financial Review – Page: 3 : 25-Jun-15

Data from the Fair Work Ombudsman shows that 2,752 restaurant and cafe employees were not paid their full wage entitlements in 2012-13. It is estimated that they were collectively underpaid some $A1.215m. Penalty rates for working on weekends accounted for 17 per cent of the underpayments. Restaurant & Catering Australia CEO John Hart says the report has coincided with the upcoming deadline for employers to make final submissions to the Fair Work Commission on penalty rates.

CORPORATES
AUSTRALIA. FAIR WORK OMBUDSMAN, AUSTRALIA. FAIR WORK COMMISSION, RESTAURANT AND CATERING INDUSTRY ASSOCIATION OF AUSTRALIA INCORPORATED, ACTU, AUSTRALIAN CHAMBER OF COMMERCE AND INDUSTRY

Just Eat paid ‘crazy’ amount for Menulog, say Delivery Hero

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Original article by Yolanda Redrup
The Australian Financial Review – Page: 18 : 25-May-15

Delivery Hero CEO Clive Thorpe believes that about $A400m would have been a more appropriate sale price for Australian online food delivery group Menulog. UK-based Just Eat has agreed to pay $A855m for Menulog, which had 6.3 million orders in the year to March 2015. In contrast, Delivery Hero recently paid $US589m ($A752m) for Turkey-based Yemeksepeti, whose monthly orders exceed three million.

CORPORATES
MENULOG PTY LTD, JUST EAT LIMITED, DELIVERY HERO HOLDING GMBH, YEMEKSEPETI, ORIENTAL TEA HOUSE, DAVID’S, EAT NOW SERVICES PTY LTD, AUSTRALIA. FOREIGN INVESTMENT REVIEW BOARD