Domino’s sales figures post 16pc jump to €467m
DOMINO’S Pizza yesterday confirmed a bumper set of financial figures for 2009, as total sales at stores in the UK and Ireland jumped 16pc to £407m (€467m).
However, the group also revealed that like-for-like sales at its Republic of Ireland outlets dipped into negative territory last year, bucking a positive growth trend in the wider group.
During the year, Domino’s Pizza UK & Ireland – the AIMlisted company that controls the franchise in the region – has been helped on a group basis by a combination of the recession, as more people stay at home, and sponsorship to top-rated TV shows such as ‘Britain’s Got Talent’.
Group likefor- like sales were 8.4pc higher, while the company’s pre-tax profit rose 28pc to just under £30m (€34.5m).
Domino’s Pizza UK & Ireland chief executive Chris Moore described the 2009 results as “exceptional” and added that the group would now accelerate its expansion plans.
The company, which operates 45 stores in the Republic and 14 in Northern Ireland, plans to open 55 new stores every year across its franchise area and hopes to have 1,200 outlets operational by 2021 rather than the 1,000 previously envisaged.
The company currently operates 608 stores across the UK and Ireland, with Northern Ireland businessman Charles Caldwell owning a number of outlets in the Republic.
A spokeswoman for Domino’s, Georgina Wald, said that sales in Ireland had been hit by a deeper recessionary impact than that experienced in the UK, but stressed that “in general”, the Irish outlets were profitable.
Shares in Domino’s Pizza UK & Ireland closed down 7p, or 0.2pc, at £3.27 in London yesterday. The shares have climbed 45pc in the past year.