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Annual Results

Domino's Pizza system sales up

09 March 2017 07:28

Domino's Pizza Group reports a strong performance in the 52 weeks to 25 December with system sales up 14.5% at £1,004.2m and underlying pre-tax profits up 17.1% at £85.7m.

Average sales per addres in new stores grew 15% and the group is targeting at least 80 new stores in the UK for 2017, creating up to an estimated additional 3,000 new jobs.

On a statutory basis, after tax profits rose by 9.9% to £65.2m.

Chief executive David Wild said: "2016 was another successful year for Domino's Pizza Group and this performance is reflected in today's financial results.

"The UK delivered strong year-on-year growth due to robust like-for-like sales and the opening of 81 new stores.

"This performance, combined with our tight control of costs, has generated a significant rise in profits and a dividend payment of 8.00p per share.

"Our cash conversion remains very strong and we have reinvested through International expansion and returned cash to shareholders through dividends and share buy-backs. "We remain confident in the resilience and long-term potential of our business model and are committed to continue to invest with our franchisees for growth.

"We expect to open at least 80 new stores in the UK with further footprint expansion in all our overseas operations.

"I would like to thank the DPG team for their continued hard work.

"I also want to pay tribute to our franchisees whose tireless endeavours ensure that our customers continue to enjoy great pizzas with great service every day - whether ordered online or by phone, delivered to the door or collected in store."

Domino's Pizza also announced that together with itsNordic partners - Pizza Pizza Norway - the acquisition of Dolly Dimple's, a leading Norwegian pizza operator.

Dolly Dimple's is the third largest pizza company in Norway, with 42 stores across the country and a well-established and strong heritage of customer service.

It is being acquired from Norges Gruppen for an enterprise value of £4m. Story provided by

Related Company: DOM

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