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Posted:15-November-2010

Domino's Pizza franchise management statement

Domino’s Pizza UK & IRL plc (“Domino’s” or “the Company”), the leading pizza delivery company in the UK and the Republic of Ireland, today announces an Interim Management Statement in conjunction with its Annual General Meeting which is to be held at 1pm today, 30 March 2010. Financial data relates to the 13 week period to 28 March 2010 (“the period”) unless otherwise stated.
 
The Company has had a strong start to 2010, despite the adverse weather conditions in the early part of the year. System sales for the period were up 17.5% to £118.9m (2009: £101.1m) and like-for-like sales for the period in 553 mature stores were up 10.5% (2009: 9.3% in 501 mature stores). E-commerce continued to grow strongly with sales online for the period up 52.3% to £25.3m (2009: £16.6m) and accounted for 28.8% of UK delivered sales (2009: 23.6%).
 
The Company has opened eight new stores since the beginning of the year (2009: 10 new stores), bringing it to a total of 616 stores as at 28 March 2010 (2009: 563), and is well-positioned to achieve its target of 55 new store openings this year.
Work on the new commissary at West Ashland has progressed well and production trials at the facility are now underway. The site will be fully operational, as planned, from the end of the second quarter.
 
Chris Moore, Chief Executive, commented: “We are delighted with our like for like sales performance, which comes despite the snow in the early part of the year forcing many of our stores to temporarily close. We face some incredibly tough comparatives in the second half of the year, but we have the people, the product, and the plans to continue to deliver excellent results in the coming months.
 
“We are pleased with our current performance and trading continues to progress in line with expectations.”

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