Domino's Pizza Enterprises Limited (DMP) Q4 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and thank you for joining the Domino's Pizza Enterprises Limited FY26 Full Year Results Investor Call. I'm Nathan Scholz, the Chief Communications and Investor Relations Officer. This morning you'll be hearing from Chairman Jack Cowan, Group CEO and Managing Director Andrew Gregory, and Group CEO and CFO George Sayoud. After the presentations, we will have a Q&A. Analysts will have the option to select raise hand, and then you'll be unmuted to ask a question and a follow-up. With that, I'll pass to Chairman Jack Cowan. Good morning and thank you for joining us. 12 months ago, I said this business needed a reset. I want to start with what we said we would do and what we have done. We said we would rebuild franchisee profitability. Average franchisee EBITDA is up 11.3% to $105,700 a store globally in Q3 FY26. Store margin has moved from 7.1% to 7.9%. That is real money back in the hands of the people that run our stores. It's not where it needs to be, but our Australian stores are higher than the global average at 128,000. Our target is 130,000 globally, and we will keep working until we get there. I've said before that this business is only as good as a franchisee partner's ability to make a decent income. When our franchisee partners make money, they invest. They hire better people, they look after the customer, and the sales follow. What we have said, we said we would take cost out, We have actioned 67 million of annualized savings with 35.3 million of that realized in FY26. We said we'd strengthen the balance sheet. Free cash flow is up 116.6 million to 164.1 million. Net leverage is 1.86 times. Underlying net profit after tax is up 4% to $121.6 million, and the dividend is up 51.2% to $0.325 per share. Now to the next task, which is rebuilding profita...