Posted:01-March-2006
Latest Results for Domino's Pizza
Domino's Pizza UK & IRL plc (Domino's Pizza or the Company), the UK and Ireland's leading pizza delivery company, announces its preliminary results for the fifty-two weeks ended 1 January 2006 (2005). Highlights
- System sales increased 15.1% to £200.7m (2004: £174.3m)
- Profit before tax increased 26.6% to ?11.2m (2004: £8.8m)
- Earnings per share:
- Basic earnings per share up 22.8% to 16.25p (2004: 13.23p)
- Diluted earnings per share up 22.1% to 15.47p (2004: 12.67p)
- Total dividend increased 38.1% to 7.25p per share (2004: 5.25p)
- 50 new stores opened in the period (2004: 40 stores) resulting in a total of 407 stores at the period end (2004: 357 stores). No stores were closed in 2005 (2004: one)
- Like-for-like sales in 317 mature stores up 7.1% (2004: 6.6%). First 6 weeks in 2006 up 10.3% (2005: 6.6%)
- E-commerce sales up 69.5% to £13.9m (2004: £8.2m). E-commerce represented 10.4% of our delivered pizza sales in the UK in 2005 (2004: 5.2%)
- Cash at bank and in hand of £5.9m (2004: £4.8m) after returning £8.2m cash to shareholders from share buybacks (2004: £1.6m. £15.2m of cash has been returned to shareholders over the past two years via share buybacks of £9.8m and dividends of £5.4m
*Comparatives shown in brackets represent the 53 weeks ended 2 January 2005 (2004)
Stephen Hemsley, Chief Executive of Domino's Pizza, commented:
In 2005, Domino's Pizza broke through the £200m system sales barrier for the first time and extended its market leadership with the opening of 50 new stores and strong like-for-like sales growth, resulting in increased profits and excellent cash generation. We believe that this success results from a total focus on the development of the Domino's brand in the UK and Republic of Ireland. We are confident that this growth is sustainable into the long-term given the strong growth prospects of the market in which we operate. We look forward to another year of strong growth.
Trading in the first six weeks of 2006 has got off to a good start with like-for-like sales up 10.3% (2005: 6.6%). E-commerce has continued to show robust growth with an increase of 59.5% in the same period (2005: 49.2%). Our store opening programme is also progressing in line with expectations and we are on track to achieve our target of 50 new store openings this year.

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