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Posted:30-July-2007

Latest Figures for Domino's Pizza UK & Ireland

Domino's Pizza UK & IRL, the UK and Ireland leader in pizza delivery, announces its results for the twenty-six weeks ended 1 July 2007.

Highlights

  • Profit before tax increased 35.0% to £8.3m (2006: £6.1m).
  • Earnings per share:
  • Basic earnings per share up 39.3% to 3.76p (2006: 2.70p)
  • Diluted earnings per share up 44.4% to 3.71p (2006: 2.57p)
  • Proposed interim dividend increased 46.2% to 1.90p per share (2006: 1.30p)
  • 20 new stores opened in the period (2006: 21 stores). One store was closed (2006: nil) resulting in a total of 470 stores at the period end (2006: 428 stores)
  • Like-for-like sales in 404 mature stores up 14.9% (2006: 8.3% in 357 mature stores)
  • System sales increased 24.0% to £142.5m (2006: £114.8m)
  • E-commerce sales up 42.1% to £13.6m (2006: £9.6m). E-commerce now represents 14.3% of our delivered pizza sales in the UK
  • Cash at bank and in hand of £9.9m (2006: £8.6m)
  • Stephen Hemsley, Chief Executive of Domino's Pizza UK & IRL plc, commented:

    "I am very pleased to report an excellent first half of 2007 which has seen your Group further strengthen its market leadership not only in terms of system sales and units but also by pioneering innovations that are leading the way in the home delivery food industry.

    "Group profits continue to grow faster than system sales thanks to our operational gearing that arises from having a relatively fixed cost base. This growth continues to translate into strong cash generation, significant returns for shareholders and another record interim dividend payment.

    "We have successfully overcome the strong comparatives presented by last year's World Cup but remain mindful of some still more challenging comparatives, particularly in the last quarter.

    "Whilst we still aim to open 50 stores per year, new store openings in the first half of 2007 were behind this target. In the current year, without an improvement in planning outcomes, openings are more likely to be in the range of 40-45 stores. With these reservations in mind we are confident of another year of strong growth in system sales and profits and are well-placed to exceed market expectations for the year."

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