Domino's Pizza Enterprises (DMP) will continue its aggressive store rollout and push ahead with a management restructure after posting a rise in net profit for the full year that came in shy of guidance.
The results came as the group entered a trading halt ahead of a capital raising.
Net profit rose to $28.7 million from $26.9 million in the previous corresponding period, short of the 15% growth the company had predicted. Eureka Report had flagged the likelihood of disappointing results two weeks ago in Small cap prophets: A profit season guide.
It came behind an 11.3% increase in revenue to $294.9 million, from $264.9 million in the prior year.
Dominos has tipped earnings growth of 15% for the current fiscal year.
Store openings in the year to June also fell short of the 80 outlets predicted by the company in February, with 67 new stores added, including 27 in Australia and New Zealand and 40 in Europe.
"Regulatory challenges have slowed our rollout progress in France while council, landlord and conversion delays have been experienced in Australia," the group said.
"We expect that this will lead to a greater number of openings in FY14."
It will continue to sell down corporate stores and open franchises.
It will pay a final fully-franked dividend of 15.4 cents, pushing the total dividend to 30.9 cents, an increase of 14 per cent on the 27.1 cents paid in the previous year.
Domino's buys majority stake in Domino's Japan