Bell Potter thinks the Domino’s (ASX:DMP) share price is ‘mouthwatering’ 

The Domino’s Pizza Enterprises Ltd (ASX: DMP) share price surged 7% last Wednesday following stronger than expected half-year results for FY21 (1H FY21). Its shares pushed higher the next day to set an all-time record high of $115.97 before finishing the week at $107.68. 

Key results highlights 

Group same store sales (SSS) increased 8.5%, significantly higher than the company’s 3–6% medium-term target range. The pace of new store openings was also significant, with 127 net openings across the group. 

Domino’s reported its earnings before interest, tax, depreciation and amortisation (EBITDA) in Japan lifted 54.9% against the prior corresponding period, with SSS up 36.4%. The company attributed the result to the fruits of…