There was no indication at all from management over last 6 months about Australian maket except good news. Sure it will slow down with economy slowing down. In a slowing economy brands like Domino are holding on better than others as everyone takes a step down there will be customers. Domino is one of the cheapest for family meal as well as they have the “my box” type smaller meals now which they didn’t have earlier. The other point is Australian received tax cuts and population is still increasing. Also global relief in interest rates have begun over last week with 10yr bond. Sure unemployment will go up slowly, but current rates is one of the lowest in Australia for last 4 decades. No economist is talking about extremely high rate of unemployment. At least for now. The problem is with Japan where the growth was forecasted in the future numbers with store count going to 2000 by 2031, double present count. It seems like if they can make the current store count more profitable for franchisees to hold on, they have done well.
DMP Price at posting:
$29.56 Sentiment: Buy Disclosure: Held
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