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Domino’s joins forces with Bega to make Vegemite pizza as it goes on a hiring spree. David Aidone October 11, 2021 News Corp Australia Network
Domino’s has joined forces with an Aussie favourite to make a new pizza, as it goes on a massive hiring spree looking for workers with 2000 roles up for grabs.
video: Domino’s launches new Super Premium Range Domino’s new Super Premium Range launch is finally here with a mouth-watering showcase of incredible local ingredients.
He’s been in the job less than two weeks, but Domino’s new CEO is turning the flavour of pizza on its head.
David Burness, who has been appointed as the company’s boss for Australia and New Zealand, is joining forces with Bega Cheese to bring Australians their very own Cheesy Vegemite pizza.
The nation’s largest pizza chain, which recently made a net profit of $184 million in the last financial year, continues its ASX200 dominance with shares selling at $142.18 on Friday last week.
Its new partnership with Bega Cheese, Australia’s leading dairy ASX-listed company, comes after Domino’s had also received a wave of customer support after it put a call-out on its social media channels.
“It’s a combination of richness, saltiness, and that light fluffy texture of the dough,” Mr Burness said.
“We think it’s a really great combination of flavours and texture.”
Dominos Australia and New Zealand CEO David Burness with their Cheesy Vegemite pizza. Picture: Josh Woning
It will be available at stores across Australia from today for three weeks or until sold out, but Mr Burness has not ruled out its return if sales are strong.
Vegemite also recently made its debut on pizza in New York at Rosa’s Pizza in Brooklyn.
“Vegemite is thrilled to be joining forces with Domino’s, and we think that Vegemite lovers are going to be over the moon when they hear that a Cheesy Vegemite Pizza is available down under,” the iconic Australian breakfast spread’s Marketing Manager, Jacqui Roth, said.
Brooklyn Master Pizza Chef, Giovanni Fabiano from Rosa’s Pizza in Brooklyn has also added Vegemite to his pizzas in New York City. Picture: Supplied
But pizza is not the only thing Mr Burness is shaking up at the Australian arm of the business.
He is also on a hiring blitz, with every Domino’s store across the nation looking for workers with 2000 team member roles up for grabs.
But rather than be seen as a high school job, Mr Burness wants to turn working for a pizza store into a corporate career with a ladder his staff can climb.
Mr Burness started off as a delivery driver for Silvio’s Dial-a-Pizza in 1991 while studying at university, which acquired Domino’s in the early 1990s before the two brands merged.
He also served as chief-operations officer for Domino’s in the Netherlands.
Mr Burness now owns seven stores in Queensland with his wife Melissa on the Sunshine Coast, and has had 30 years experience with Domino’s.
He wants others to know they can do the same.
“Over the next 12 months we’ll be rolling out our Path to Excellence program of people development,” Mr Burness said.
“This will help young people grow their professional development, and for those people to go into more senior management roles and learn more responsibility in the business.”
Domino’s is embarking on a recruitment campaign for 2000 new team members.
Mr Burness said the digital program would be like a game. Every new staff member will have an avatar where they can see their goal, with learning checkpoints along the way where they can earn a badge once successfully completed.
He also expects to bring thousands more staff on board across the next 12 months, as Domino’s works towards expanding its presence from 863 stores across Australia and New Zealand to 1200 in the next five years.
Domino’s now has 17,000 stores across 90 countries, and Mr Burness believes people are the most important element to the business.
In its FY21 results, revenue rose 15.4 per cent to $2.19 billion.
“We sell pizza … and many other products, but we’re not really in the pizza business, we’re in the people business,” he said.
“One of the things we’re really going to be focused on … is being a people development business.
“The growth from pizza maker … or delivery driver into more responsibility in the business is actually a really common story at Domino’s.”
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www.heraldsun.com.au/news/national/dominos-joins-forces-w…
* Our local pizza place has offered vegemite pizzas for years. Dominoes is following well behind the trend, as usual.
* They might be cheap and there is a good reason for that. Can’t remember a Dominos pizza that wasn’t average at best.
* How much an hour will those 2000 new jobs pay, won’t be much.
* Dominos pizza’s look amazing on paper, shame they taste about as good.
* Dominos, copying the Pizza shop in NYC with Vegemite.
* Bring back a "Large", the "new" large is about a postage stamp size. They are getting smaller and smaller each year.
* There goes the share price!(pending)
* Five minutes from a Dominos store and they will not deliver to my address. Just use the local independently owned store.
* Why anyone would order one of their pizzas is beyond me. Most local pizza shops beat them for taste and value hands down. And check out their sizes. Goes from mini to large then extra large. What happened to medium? Extra large being only 32 cm. Seems a bit of sneaky marketing here.
* Buy Bega cheese for all your pizzas too instead of importing tonnes of USA made cheese every year.
211002 vegemite pizza video: www.heraldsun.com.au/entertainment/the-secret-behind-vege…
Lygon in limbo as Toto’s joins John Curtin for sale. Nicole Lindsay February 19, 2022
The home of Melbourne’s first pizzeria, Toto’s Pizza House, at 99 Lygon Street, is for sale.
Sadly, the iconic pizza joint didn’t make it through the first year of the pandemic and closed in 2020 just missing its 60th anniversary.
It epitomised big changes in Australia’s postwar period, marking the start of Lygon Street’s new era as an Italian dominated strip.
Toto’s marked the start of Lygon Street as an Italian dominated strip.
At 99 Lygon St, Vision Real Estate agent James Doherty said the owners of the Toto’s freehold had advertised for new tenants late last year and received three offers at the asking rent.
After significant interest from owner-occupiers, they decided to go to market. The 250 sq m restaurant is expected to sell for up to $1.9 million.
www.theage.com.au/business/companies/lygon-in-limbo-as-to…
Domino’s CEO confident deliveries will hold up in face of COVID recovery. Jessica Yun February 23, 2022
Domino’s CEO Don Meij expects pizza delivery numbers to remain strong, even as the COVID-19 recovery sees consumers dine out instead of ordering in, as “one-off factors” took a hefty bite out of the fast food chain’s December half profit.
The global pizza network on Wednesday revealed a net profit loss of 6.9 per cent to $89.1 million for the first half of the 2022 financial year, and a 2.5 per cent drop in earnings before interest, taxes, depreciation and amortisation (EBITDA) to $212.8 million.
Domino’s Pizza shares have tumbled on Wednesday following the release of its results.CREDIT:LUIS ENRIQUE ASCUI
Domino’s shares slid by more than 16 per cent on the back of the results, with investors unimpressed by the outlook. The company’s share price, which closed the session at $86.13, has nearly halved in value from its peak of $167.15 from September last year.
A note from Jarden analysts described Domino’s half-year figures as a “soft result” and said the pizza giant would face questions about profit impacts, inflation, and decision to roll out new stores amid a “softer top-line environment”.
Mr Meij said the pizza chain would respond to rising inflation by focussing on “efficiencies to reduce costs to stores” and growing total sales to help boost the bottom line of franchisees.
VanEck Australia deputy head of investment and capital markets, Jamie Hannah, said the steep share price fall was an overreaction by investors.
“I don’t think the results are as bad as what the markets are showing at the moment – there are some growth opportunities there,” he said.
However, he noted the company had missed its income targets and inflation would remain a key challenge for the pizza business. “The cost of food is potentially one of the biggest headwinds,” Mr Hannah said.
Domino’s, valued at $7.4 billion, was weighed down in the half by the sale of 19 Australian company-owned stores back to franchisees which cost the business $6 million in the first half, as well as the temporary closure of its New Zealand market, knocking out just under $2 million. Losses in Domino’s Japan business also made a $9 million dent to its bottom line
In Australia and New Zealand specifically, earnings before interest and tax (EBIT) dropped by 6.1 per cent to $60.3 million, though domestic sales grew by 6.4 per cent to $689.6 million.
Domino’s CEO Don Meij says the company has all the “essential ingredients” for long-term success. CREDIT:ATTILA CSASZAR
Defending the losses, Mr Meij said he was “really happy” with the numbers. “Some of these things are just our own investments,” he said. “The big picture is in place – there were just some one-off factors in this last half.”
While earnings were down, Mr Meij said Australia was currently one of the global pizza chain’s best-performing markets that saw record sales volumes in December.
“There’s still a lot of work from home, a lot of study from home. Across the globe, we’re enjoying very strong delivery sales … we expect that to continue,” he said.
Looking ahead, Domino’s will aim to increase deliveries through a new app, website, and new products that will roll out later this year.
Mr Meij said he was “not at all” concerned about the pandemic recovery’s impact on its sales numbers.
“Nothing in our data shows that customers have dropped away,” he said. “Europe had a great reopening where everyone was out at cafés and restaurants – our deliveries continued to boom. This summer, Australians were out and about, and we had record sales.”
Domino’s opened 285 new stores in the last half, with most of these in Taiwan, and aims to open a further 350 stores across Australia and New Zealand over the next 4-5 years. It currently has 726 stores in Australia.
Mr Meij acknowledged that COVID-triggered supply chain issues remained a key challenge for the business this year. “We’ve dealt with that well … but it’s still a focus.”
The company will pay a partially franked dividend of 88.4 cents per share on March 17.
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www.theage.com.au/business/companies/domino-s-ceo-confide…
Fast food czar Jack Cowin makes $170m in one day as pizzas reign supreme Glen Norris February 17, 2021 Australian Business Network
The biggest investor in Brisbane-based Domino’s made so much dough on the sharemarket today that if he wanted to he could buy a pizza for every single person in Australia and New Zealand.
video: Nutrition showdown: which fast food is the healthiest? We test five of Australia’s favourite fast food fixes for nutrition: KFC, Domino’s, McDonald’s, Zambrero and Subway. The results might surprise you.
Fast food czar Jack Cowin has seen his stake in Brisbane-based pizza empire Domino’s soar $170m to a whopping $2.42bn driven by rising home deliveries during COVID-19.
Domino’s, which reported a 32.8 per cent increase in half yearly profit to $96.2m, saw its shares climb to a record $105 on Wednesday after the results announcement.
The gains in 78-year-old Mr Cowin’s stake could buy 35 million of Domino’s $5 pizzas, enough to feed every man, woman and child in Australia and New Zealand.
Domino’s chief executive Don Meij’s 1.8m shares in the company climbed $13.3m to $189m with his daily gains enough to buy garlic bread for everyone in Brisbane.
The company, which has outlets in Europe, Japan, Australia and New Zealand, cooked 209m pizzas last year, enough to circle the globe 1.5 times.
Jack Cowin. Photo by Richard Gosling
The company said it would boost investment in artificial intelligence that predicted customer behaviour online as well as new delivery technologies including robots and drones. The chain’s outlets in Europe and Japan – markets where COVID-19 has caused significant economic disruption – were among the best performers, with sales rising 42.6 per cent and 13.8 per cent respectively.
Mr Meij said COVID-19 had brought forward long-term demand for delivered food, with online sales accounting for the lion’s share of the growth.
“This online trend will continue past COVID-19,” Mr Meij said, adding online sales across the group expanded 25.4 per cent to $1.42bn in the first half.
Mr Cowin, who moved to Perth from Canada in 1969 to establish a KFC franchise after borrowing $10,000, said last year that the COVID-19 pandemic has accelerated the shift by customers to ordering their burgers and fries online and being more comfortable with home delivery. Mr Cowin’s privately held Competitive Foods Australia has around 400 Hungry Jack’s franchises around the country
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* dominos is average at best, u want great pizza, Earth and Sea at Coolangatta
* The food on a good day is average at best….just gut filling food
* May be a fast fad.
* Shame they are owned by the USA. Shame all other pizza companies like Eagle Boys, Silvio’s and Hells Pizza all went down the drain. They just couldn’t compete with deliberate price cutting in certain areas. I wonder how long Pizza Hut can hang on for?
* how do you come up with it being American owned Jack came to Australia in1969 from Canada started Hungry Jacks using Burger King as the model years later they had a barny and Burger King is gone
* Making lots of money by fast fooders getting fat and plenty of cholesterol! I’ll stick with healthy food thanks.
* But does he really knead all the dough?
* I can’t believe the share price is now over $100. Time to start shorting. Just a tad over priced.
* Good luck with that, they are currently $110.10, so you are already down $10.10 per share!
* Does he need to know what flavour we want before he delivers ours? Wow, no one delivers pizzas out of town (just like we won’t get the Pfizer vaccine).
* Why won’t you get the vaccine? I think everyone will eventually.
* How profitable are his Franchise stores.They do all the work and he makes the money.
* if they didn’t make money, he wouldn’t either.
* Not entirely true, as Dominos take a percentage of sales, not profit.
* Who put the money up Jackie to buy them? I never understand these comments. ‘what I do understand is that you have no idea how business works. ‘if a business loses money do you expect the workers not to get paid or they work for less?
* What goes up must come down
* So far that doesn’t seem to apply to the housing market.
* It’s a house of cards which will collapse later this year, big time. Smart investors are not buying now. Too few houses for sale & too many buyers. In few months it willbe the other way around.
* They have been saying that for 30 years.
* for 51 years Jack has been going up maybe it will go down probably not in his lifetime
* And a financial advisor told me not to buy Dominos shares because they were too dear at $10.
