1st Oct 2008 07:00
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1 October 2008 |
Domino's Pizza UK & IRL plc
Quarter 3 Interim Management Statement
13 weeks to 28 September 2008
Domino's Pizza UK & IRL plc ("Domino's Pizza" or "the Company" or "the Group") today announces its first Interim Management Statement following its admission to the Official List. This statement covers the period from 30 June 2008 to 28 September 2008, the latest practicable date prior to its publication. Financial data is for the 13 week period to 28 September 2008 ("the period") unless otherwise stated.
Following on from its half year results, the Group has continued to see strong momentum in the business. System sales for the 13 week period were up 17.8% to £83.3m (2007: £70.7m). This brings total system sales for the 39 weeks to 28 September 2008 to £253.5m (2007: £213.2m), an increase of 18.9%.
Like-for-like sales in the 449 mature stores (2007: 404 mature stores) for the period were up 8.8% (2007: 14.1%), bringing total like-for-like sales growth for the 39 weeks to 28 September 2008 to 10.5% (2007: 14.6%).
Store openings have also progressed well with a further nine openings during this period, bringing the total number of stores opened in the year to date to 34 (2007: 29 stores). Our store opening programme is on track to achieve our target of 50 new store openings this year. The Group had 535 stores at 28 September 2008, including one store temporarily closed for refurbishment at the reporting date.
Chris Moore, Chief Executive commented: "Trading in the third quarter has continued strongly and is particularly encouraging given the strong comparatives during the same period last year. We are very pleased with the momentum in the business and the resilience of our business model during these more challenging economic times."
For further information, please contact:
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Domino's Pizza: |
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Chris Moore - Chief Executive Officer Lee Ginsberg - Chief Financial Officer |
01908 580604 01908 580611 |
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Numis Securities Limited David Poutney, James Serjeant |
020 7260 1000 |
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Altium |
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Ben Thorne |
020 7484 4040 |
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Hogarth Partnership Limited: |
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Fiona Noblet, Anthony Arthur, Simon Hockridge |
020 7357 9477 |
Notes to editors:
Domino's Pizza UK & IRL plc holds the exclusive master franchise to own, operate and franchise Domino's Pizza stores in the UK and Ireland. The Group is the leading player in the UK and Ireland's fast-growing pizza delivery market. The first UK store opened in 1985 and the first Irish store opened in 1991.
As at 28 September 2008, there were 535 stores in the UK and Ireland. Of these, 423 stores are in England, 41 are in Scotland, 21 are in Wales, 12 are in Northern Ireland and 38 are in the Republic of Ireland.
Founded in 1960, Domino's Pizza is the recognised world leader in pizza delivery. Through its primarily franchised system, Domino's Pizza operates a global network of more than 8,000 stores in over 50 countries.
For photography visit www.dominos.uk.com/media or contact Hogarth on 00 44 20 7357 9477.
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