Financial News

  • 27 September 2012, 8:21

Domino's Pizza Gets Big Summer Boost

Domino's Pizza has reported a quarterly boost in sales of 7.9% amid summer woes for many retailers.

The increase in sales, for the 13 weeks to September 23, totalled £136.4m.

To date, system sales for the chain are now up by 10% to £424.1m, compared with £385.4m at the same time last year.

Online sales for Domino's now account for 58.4% of sales, up 11.9% in the same period in 2011.

During the quarter the firm opened 11 new stores in the UK, the Republic of Ireland and Germany and now has a total of 758 outlets in the territories.

As of September 24, the UK chain has 597 stores in England, 51 in Scotland, 30 in Wales, 20 in Northern Ireland and one mobile unit.

Domino's is further exploring expansion options in Switzerland and nearby nations through the master franchise.

Chief executive Lance Batchelor described the current economic climate as "challenging" but expected continued growth.

He said: "I am pleased to report that Q3 has been another period of growth for Domino's.

"We approach the fourth quarter, traditionally our strongest trading period, with continued optimism and determination."

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