Domino’s is expecting to deliver full year-profits ahead of City expectations after sales continued to soar in 2008.
In a trading statement for the year ended 28 December 2008, the pizza delivery chain said system sales in the UK and Ireland increased 18% to £350.8m (2007: 296.3m).
Like-for-like sales, which strip out the positive effect of new store openings, increased 10% year-on-year compared with 14.7% in 2007.
Domino’s exceeded its 50 store opening target for the year, launching 52 new stores and creating around 1,500 new jobs. It now operates 553 stores in the UK and Ireland.
E-commerce revenue accelerated with sales for the year up 73.7% (2007: 60.5%) at £55.9m, supported by some record weekends where online sales were in excess of £1m.
Chris Moore, chief executive of Domino’s, said: “We are delighted with this year’s performance – especially as we were up against some incredibly tough comparables from 2007.
Despite the challenging economic environment, our franchisees’ appetite for growth continues, as does our belief that the Domino’s recipe is right for these times.”
The company will publish its full-year results on 17 February 2009.
Domino’s looks to pub trade to meet store opening target >>
Domino’s maintains sales momentum helped by poor UK summer >>
Domino’s to introduce new look store design >>
Domino's makes strong start to the year >>
By Chris Druce
E-mail your comments to Chris Druce here.
| | Newsletters
For the latest hospitality news, sign up for our e-mail newsletters. | |