Domino's Pizza Enterprises Ltd. (ASX: DMP) has returned to the winners' board today, recording a new all-time high after the stock retreated marginally in yesterday's session.
On Wednesday, Domino's Pizza skyrocketed nearly 22% after it reported a 44.2% leap in half-year net profit ($29.1 million), which came on the back of a 29.5% lift in revenue ($343.6 million). Indeed, the company appears to be going from strength to strength with same store sales growth of 8.6%, while it also opened 92 new stores, spread across Australia, New Zealand, Japan and Europe. Management also increased its full-year guidance for net profit to a staggering 32.5%.
While the stock closed at $33 flat on Wednesday, it experienced a small setback on Thursday. However, Domino's Pizza is back on the market's speed-dial today with the stock up another 5.7%, hitting an all-time high of $34.56.
Trading on a multiple of 51 times this year's forecast earnings, the stock is by no means cheap but the growth story could be far from over.
