FAST FOOD RESTAURANTS – AUSTRALIA

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

Pancake Parlour flips on old flat rate pay

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Original article by Nick Toscano
The Age – Page: 14 : 23-Sep-15

Pancake Parlour employees will be covered by the industrial award for the restaurant industry, after the group did not oppose an application to have its existing workplace agreement terminated. The new arrangement means they will now be entitled to penalty rates for working at night and weekends. The issue of weekend penalty rates has been under scrutiny amid concerns about the high cost to employers, and the business sector is likely to lobby Prime Minister Malcolm Turnbull to take action on the issue ahead of the federal election.

CORPORATES
PANCAKE PARLOUR, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET

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

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

Domino’s eyes rivals as pizza sales sizzle

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Original article by Sue Mitchell
The Australian Financial Review – Page: 21 & 26 : 12-Feb-15

Domino’s Pizza Enterprises has posted a 2014-15 interim net profit of $A29.1m, which is 44.2 per cent higher than previously. Revenue rose by 29.5 per cent to $A343.6m during the half-year. CEO Don Meij forecasts that net profit and EBITDA for the full year will rise by 32.5 per cent and 30 per cent respectively. He says Domino’s will aim to increase its share of Australia’s overall fast-food market from eight per cent at present. It has a 25 per cent share of the pizza sector

CORPORATES
DOMINO’S PIZZA ENTERPRISES LIMITED – ASX DMP, McDONALD’S AUSTRALIA LIMITED, KFC

Junk food ads saturate cricket broadcasts, uni study reveals

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Original article by Kate Hagan
The Age – Page: 2 : 28-Jan-15

Obesity Policy Coalition members such as the Cancer Council Victoria and the Victorian branch of Diabetes Australia are urging Cricket Australia to abandon corporate sponsorship deals with fast food brands. New research by Wollongong University shows that during three One Day International and two Twenty20 matches as well as the first three days of the Ashes test series in 2014, junk food branding was shown 3,000-plus times in the TV broadcasts. Almost all of this was linked to naming rights sponsor KFC

CORPORATES
KFC, YUM! RESTAURANTS AUSTRALIA PTY LTD, CRICKET AUSTRALIA, UNIVERSITY OF WOLLONGONG, OBESITY POLICY COALITION, DIABETES AUSTRALIA – VICTORIA, THE CANCER COUNCIL VICTORIA

Pie Face hit with third New York lawsuit

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Original article by Eli Greenblat
The Australian – Page: 19 : 18-Dec-14

The landlord of a retail outlet in New York for collapsed Australian fast food chain Pie Face has launched a Supreme Court case to recover $US620,000 ($A760,000), after the company allegedly caused structural damage to the building. This is the third law suit against Pie Face in New York, with another property owner also seeking $US50,000 in outstanding rent charges and a building firm demanding to be paid close to $US120,000 for work at one of the stores

CORPORATES
PIE FACE PTY LTD, SUPREME COURT OF NEW YORK, NEW YORK ENVIRONMENTAL CONTROL BOARD

Pie in the sky expansion plans leave investors short

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Original article by Eli Greenblat
The Australian – Page: 20 : 25-Nov-14

Jirsch Sutherland has been appointed voluntary administrator of the collapsed Pie Face fast food outlets chain. It has 78 sites in Australia, and had been pursuing aggressive expansion into overseas markets such as the US before a planned IPO worth about $A150m. In October 2014 the company shut six of its seven stores in New York. There are reports Pie Face sourced close to $A50m over the past four years from high-net worth individuals such as Brazin founder Brett Blundy and US casinos entrepreneur Steve Wynn

CORPORATES
PIE FACE PTY LTD, JIRSCH SUTHERLAND, BRAZIN LIMITED, BB CAPITAL PTY LTD, NM ROTHSCHILD AND SONS (AUSTRALIA) LIMITED, ENERO GROUP LIMITED – ASX EGG, CITIGROUP PTY LTD

Sport makes some unhealthy choices

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Original article by Harriet Alexander
The Sydney Morning Herald – Page: 2 : 16-Oct-14

Rona Macniven of the University of Sydney released a new survey at the Sports Medicine Australia congress on 15 October 2014. It shows that sporting bodies derive a substantial share of their sponsorship revenue from deals with companies that sell products deemed unhealthy. Fast food, alcohol and gambling account for 27% of the sponsorships in cricket, with rugby league, rugby union, Australian rules and soccer ranked next. Fast food chain McDonald’s has launched a new Western Sydney Wanderers meal, to be sold in 88 outlets across the soccer club’s catchment area in western Sydney

CORPORATES
McDONALD’S AUSTRALIA LIMITED, WESTERN SYDNEY WANDERERS FC PTY LTD, AUSTRALIAN SPORTS COMMISSION, SPORTS MEDICINE AUSTRALIA, UNIVERSITY OF SYDNEY, CRICKET AUSTRALIA, COCA-COLA AMATIL LIMITED – ASX CCL, KFC, YUM! RESTAURANTS AUSTRALIA PTY LTD, BET365 GROUP LIMITED, NESTLE AUSTRALIA LIMITED, CARLTON UNITED BREWERS, FOSTER’S GROUP LIMITED, SABMILLER PLC