Domino's Pizza Gets Larger Slice Of Market
Domino's Pizza Group has seen a rise in UK like-for-like sales of 5.7% for the first half of 2012, amid the ongoing economic downturn.
While a number of sectors have been hit over the summer, Britain's biggest pizza delivery firm saw sales boosted both by Euro 2012 and the decision by many people to stay home during the wet weather.
Domino's, which operates the British and Irish franchises of the global delivery brand, said pre-tax profit rose to £21.5m in the six months to June 24.
Sales were up from £19m the year before.
Domino's opened 23 new shops and closed one during the period giving it a total outlet count of 748.
The firm is also increasing its expansion into the German market.
In a sign of further integration of digital into the food sector, it saw online sales rise by 43.4% to £121.2m.
Like for like sales in the UK rose to 5.7% from 3.4% in the year before, while like for like sales in the Republic of Ireland were boosted by 2.9%.
"Trading since the half year end has continued in line with our expectations," chief executive Lance Batchelor said.
"While the consumer backdrop remains tough we are confident about the future and our expectations for the year as a whole remain unchanged."
The company has performed well in the UK during the economic downturn as cash-strapped consumers stay in and order in takeaways rather than going out to eat.