Domino’s Pizza Enterprises Ltd. (ASX:DMP) share price falls after delivering record profit and increased dividend

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Domino’s Pizza Enterprises Ltd. (ASX:DMP) on Tuesday reported a full year profit for the 12 months ending 30th June 2018 of $136.2 million, up 15 per cent on the same period a year earlier.

On a per-share basis, the company said it had a profit of 152.8 cents. This compares with a profit of 133.6 cents per share in the corresponding period last year. The company declared a full year dividend for the period of 107.8 cents per share, an increase of 15.5 per cent.

Group CEO and Managing Director Don Meij said the Company was pleased to be delivering on its multi-market strategy, saying less than four years ago Domino’s surpassed $1 billion in sales, and this year Group Network Sales reached $2.59 billion. Mr Meij said Domino’s continues to be a fast growth business.

In trading on Tuesday, Domino’s Pizza Enterprises Ltd. shares fell $6.87 or 13.11 per cent to $45.55.

The Domino’s Pizza Enterprises Ltd. share price has fallen 0.89 per cent since the beginning of the year, while the S&P/ASX 200 Index has gained 3.63 per cent. 

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Bruce Jackson has 30 years of hands on investing experience. He is passionate about stock market investing, running his own portfolio and SMSF. His focus is on small cap growth stocks. You can contact Bruce at brucej@thecapitalclub.com.au