Financial News

  • 2 April 2014, 14:20

Domino's Sales Boosted By Online Orders

Domino's Pizza has posted a 10.8% rise in quarterly sales in the UK, with nearly three-quarters of orders now made online.

The company said it posted a 10.8% rise in first quarter underlying sales in the UK.

It said the sales increase in the 13 weeks to March 30 was boosted by its "Winter Survival" meal deal that proved popular in the wet weather at the beginning of the year.

Online sales continue to soar, up by 12% on the same period last year.

69.4% of UK sales now come from the internet, showing that the appetite for online food orders continues to expand.

It comes as Domino's, which has more than 860 stores in Europe, said it is close to naming its new boss.

Current chief executive Lance Batchelor announced his decision to leave the company in December.

Former Halfords boss David Wild has been at the helm since Mr Batchelor's departure for travel and insurance group, Saga, in January.

Elsewhere, sales in Ireland, Switzerland and Germany also rose, despite restructuring across its smaller businesses there.

In February, Domino's Pizza reported that pre-tax profit in the UK increased by 1.9% to 47.6m.

In early trading on Wednesday shares in the company were up by 0.72%.

Over the last year, however, Domino's Pizza's share price has lost more than 10%.