Booming online sales deliver for Domino’s

Original article by Eli Greenblat
The Australian – Page: 17 : 20-Aug-20

Domino’s Pizza Enterprises has reported a 2019-20 net profit of $138.4m, which is 19.4 per cent higher than previously. Group sales rose by 32.7 per cent to $1.9bn, although its Australian and New Zealand arm’s earnings were down 5.8 per cent at $129.4m due to the impact of the coronavirus pandemic. Meanwhile, the company has indicated that its digital platforms now account for 72.1 per cent of group sales. Domino’s has also advised that it provided franchisees with some $14m worth of financial support in 2019-20 due to the pandemic.

CORPORATES
DOMINO’S PIZZA ENTERPRISES LIMITED – ASX DMP

Pizza Hut ushers in penalty rates after Fair Work ruling

Original article by David Marin-Guzman
The Australian Financial Review – Page: 9 : 1-Feb-19

Pizza Hut Australia employees will be moved to the industry award after the Fair Work Commission agreed to terminate an enterprise agreement that had expired in 2012. The Shop, Distributive & Allied Employees’ Association had applied to have the agreement terminated in 2017, after Pizza Hut failed to increase its pay rates in line with a 3.3 per cent rise in the minimum wage in 2016. Under the expired workplace agreement, penalty rates had been traded off for a seven per cent increase in base hourly wage rates.

CORPORATES
PIZZA HUT AUSTRALIA, AUSTRALIA. FAIR WORK COMMISSION, SHOP, DISTRIBUTIVE AND ALLIED EMPLOYEES’ ASSOCIATION, DOMINO’S PIZZA ENTERPRISES LIMITED – ASX DMP

Domino’s wage deal voted up

Original article by David Marin-Guzman
The Australian Financial Review – Page: 5 : 1-Feb-18

Some 89 per cent of Domino’s Pizza Enterprises employees who participated in a ballot have voted in favour of a new enterprise agreement. The new pay deal, which is the pizza chain’s first in about five years, includes full penalty rates and casual loading for the first time. The enterprise agreement had the support of the Shop, Distributive & Allied Employees’ Association, although the Retail & Fast Food Workers Union was against some aspects of the new pay deal.

CORPORATES
DOMINO’S PIZZA ENTERPRISES LIMITED – ASX DMP, SHOP, DISTRIBUTIVE AND ALLIED EMPLOYEES’ ASSOCIATION, RETAIL AND FAST FOOD WORKERS UNION INCORPORATED

Domino’s in David & Goliath battle over GPS

Original article by Sue Mitchell
The Australian Financial Review – Page: 18 : 28-Nov-17

Domino’s Pizza Enterprises is the subject of legal action by Sydney IT company Precision Tracking. The latter has accused Domino’s of infringing its patents, and is seeking an injunction to prevent Domino’s from continuing to use its GPS Driver Tracker system, as well as seeking damages. Precision Tracking contends Domino’s system is based on its GPS technology. Litigation Capital Management is helping to finance Precision Tracking’s action against Domino’s. Precision Tracking claims it and Domino’s were involved in a partnership to develop its technology, but that the pizza maker reneged on their arrangement. Domino’s is counter-suing Precision Tracking and its three directors.

CORPORATES
DOMINO’S PIZZA ENTERPRISES LIMITED – ASX DMP, PRECISION TRACKING, LITIGATION CAPITAL MANAGEMENT LIMITED – ASX LCA, FEDERAL COURT OF AUSTRALIA

Domino’s faces $35m higher wage bill

Original article by David Marin-Guzman
The Australian Financial Review – Page: 5 : 2-Nov-17

Domino’s Pizza Enterprises will have to provide its 22,000-strong workforce with penalty rates after the Fair Work Commission terminated more than 20 enterprise agreements. The Retail & Fast Food Workers Union has estimated that Domino’s was saving between $A35m and $A50m a year by continuing to employ staff under the agreements, which had expired in 2005 and 2009. The FWC has given Domino’s until late January to shift employees to the industry award, but the fast-food chained has advised that it will introduce penalty rates in December.

CORPORATES
DOMINO’S PIZZA ENTERPRISES LIMITED – ASX DMP, AUSTRALIA. FAIR WORK COMMISSION, RETAIL AND FAST FOOD WORKERS UNION INCORPORATED, SHOP, DISTRIBUTIVE AND ALLIED EMPLOYEES’ ASSOCIATION, COLES SUPERMARKETS AUSTRALIA PTY LTD, WOOLWORTHS LIMITED – ASX WOW, McDONALD’S AUSTRALIA LIMITED, DEUTSCHE BANK AG

High-stakes hearing looms for Domino’s

Original article by Adele Ferguson
The Age – Page: 21 : 11-Oct-17

A Fair Work Commission hearing is scheduled for 1 November on an application to terminate existing enterprise agreements for Domino’s Pizza Enterprises staff. The Shop, Distributive & Allied Employees’ Association applied to terminate an enterprise agreement in July, although it is continuing to hold negotiations with the fast-food group. The Retail & Fast Food Workers Union is also seeking to have a Domino’s enterprise agreement terminated. Domino’s is also being investigated over allegations of wage fraud.

CORPORATES
DOMINO’S PIZZA ENTERPRISES LIMITED – ASX DMP, AUSTRALIA. FAIR WORK COMMISSION, SHOP, DISTRIBUTIVE AND ALLIED EMPLOYEES’ ASSOCIATION, RETAIL AND FAST FOOD WORKERS UNION INCORPORATED, AUSTRALIA. FAIR WORK OMBUDSMAN, DEUTSCHE BANK AG

Domino’s boss red-faced at missed target

Original article by Sue Mitchell
The Australian Financial Review – Page: 15 & 25 : 16-Aug-17

Domino’s Pizza Enterprises has posted a lower-than-forecast 2016-17 underlying net profit of $A118.5m. The result was 29 per cent higher than previously, compared with guidance of 32.5 per cent growth. Same-store sales growth in Australia and New Zealand fell from 17.4 per cent in the first half to 10 per cent in the second half, and Domino’s has flagged growth of just eight per cent in 2017-18. Domino’s has flagged net profit growth of around 20 per cent in 2017-18.

CORPORATES
DOMINO’S PIZZA ENTERPRISES LIMITED – ASX DMP, DEUTSCHE BANK AG, WATERMARK FUNDS MANAGEMENT PTY LTD

Coca-Cola Amatil loses Domino’s contract to Pepsi

Original article by Sue Mitchell
The Australian Financial Review – Page: 15 & 20 : 7-Jul-17

Domino’s Pizza Enterprises says customer testing prompted it to replace Coca-Cola Amatil as its beverages supplier in Australia. Pepsi/Schweppes won the tender to supply soft drinks and bottled water. Michael Simotas of Deutsche Bank says Domino’s may be seeking to offset its move to start paying penalty rates, as Pepsi drinks tend to cost less than those of CCA. Woolworths recently advised that its supermarkets will not stock CCA’s latest sugar-free Coca-Cola product, on the grounds that consumers already have sufficient choice.

CORPORATES
DOMINO’S PIZZA ENTERPRISES LIMITED – ASX DMP, COCA-COLA AMATIL LIMITED – ASX CCL, PEPSICO AUSTRALIA PTY LTD, SCHWEPPES AUSTRALIA PTY LTD, WOOLWORTHS LIMITED – ASX WOW, COLES SUPERMARKETS AUSTRALIA PTY LTD, HUNGRY JACK’S PTY LTD, 7-ELEVEN STORES PTY LTD, McDONALD’S AUSTRALIA LIMITED, SUBWAY SANDWICHES PTY LTD, RED ROOSTER FOODS, PIZZA HUT AUSTRALIA, DEUTSCHE BANK AG, NEXBA BEVERAGES PTY LTD, UBS HOLDINGS PTY LTD, SHOP, DISTRIBUTIVE AND ALLIED EMPLOYEES’ ASSOCIATION

Domino’s no longer flavour of the month

Original article by Eli Greenblat
The Australian – Page: 19 & 31 : 23-Jun-17

Craig Woolford of Citigroup says Domino’s will need to take better care of its franchisees if it is continue to maintain store growth. He notes that the typical Australia/New Zealand Domino’s store has seen its income grow by just 1.2 per cent over the last 12 years, compared with 9.5 per cent for the company as a whole. Woolford rates the stock a "sell". Domino’s shares fell by four per cent on 22 June, bringing to its decline since the start of 2017 to almost 20 per cent.

CORPORATES
DOMINO’S PIZZA ENTERPRISES LIMITED – ASX DMP, CITIGROUP PTY LTD, DEUTSCHE BANK AG, JP MORGAN AUSTRALIA LIMITED, ALPHINITY INVESTMENT MANAGEMENT PTY LTD, ARISTOCRAT LEISURE LIMITED – ASX ALL, TREASURY WINE ESTATES LIMITED – ASX TWE, CSL LIMITED – ASX CSL, COCHLEAR LIMITED – ASX COH, ARMYTAGE PRIVATE LIMITED

Slavery law to protect supply chains

Original article by Adele Ferguson
The Australian Financial Review – Page: 40 : 5-Jun-17

The Federal Opposition will announce on 5 June 2017 that it plans to enact an Australian Modern Slavery Act. The proposed Act has the support of the Business Council of Australia, the union movement and Wesfarmers, which has noted the difficulty of ensuring that all parts of its supply chain are run ethically. The Global Slavery Index estimates that there are 4,300 slaves in Australia. Meanwhile, Fair Work Ombudsman Natalie James has confirmed to a recent Senate hearing that it is investigating pizza maker Domino’s over its possible involvement in wage fraud.

CORPORATES
AUSTRALIAN LABOR PARTY, BUSINESS COUNCIL OF AUSTRALIA, WESFARMERS LIMITED – ASX WES, AUSTRALIA. FAIR WORK OMBUDSMAN, DOMINO’S PIZZA ENTERPRISES LIMITED – ASX DMP, LIBERAL PARTY OF AUSTRALIA, WOOLWORTHS LIMITED – ASX WOW, PIZZA HUT AUSTRALIA, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, AUSTRALIAN GREENS, BAIN CAPITAL LLC, DEUTSCHE BANK AG