Thursday 21 September 2017

Fatter wallets help to boost Irish sales for Domino's pizza chain

Economic recovery helps revenue from franchisees jump 14.1pc
Economic recovery helps revenue from franchisees jump 14.1pc
John Mulligan

John Mulligan

An expanding economy could lead to widening waistlines, with Domino's Pizza hailing a resurgent Irish operation.

The company said its system sales - the revenue it derives from franchisees - jumped 14.1pc to €13.8m in Ireland during the 13 weeks to the end of September, buoyed by the recovery. "We are very encouraged by the third-quarter results in Ireland where we are also seeing an increasing trend towards digital ordering and the benefits of the continued economic recovery," the company said in a trading statement yesterday.

It added that in the year to date, like-for-like system sales in Ireland have risen 9pc to €41m. There are 47 Domino's stores here. Domino's Pizza's stockmarket-listed UK arm, which also covers regions including Germany and Switzerland, said that trading in Britain has also been "particularly robust", driven by its continued investment in digital services.

"Revenue through digital channels was 35pc ahead of the third quarter last year and more than 75pc of delivered sales in the year to date have been online, with more than half of these placed through the app on android or IOS devices," according to the company.

Shares in the group soared as much as 14pc at one stage yesterday.

The largest Domino's franchise in Ireland is owned by Northern Ireland businessmen Charles and Adrian Caldwell.

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