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Internet sales drive up profits(28 July 2005 00:00)A surge in internet sales and the success of the Double Decadence pizza meant Domino's presented glowing results this week. Pizza sales over the internet or via interactive TV rocketed 68% in the first half of the year. At the same time, the group's Double Decadence has proven its most successful product launch to date. A record 23 stores opened in the 26 weeks ended 3 July 2005, bringing the group's total to 380. Sales across the stores rose by 19.1% to 97.1m, from 81.5m in 2004, while like-for-like sales in 317 established outlets grew by 8.4%. Profit before tax increased to 22.6% to 5m before exceptional items, but grew to 5.5m when the sale of 13 corporate-owned stores was taken into account. Source: Caterer & Hotelkeeper |
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