Dominos Pizza celebrates strong trading results

Dominos Pizza has posted results for Interim Results for the 26 weeks ended 27 June 2021, showing impressive figures.

The company has seen a strong UK & Ireland performance, with system sales of £752.3m, up 19.6%, with like-for-like system sales, excluding splits, up 19.3% (18.4% including splits) aided by the reduced rate of VAT.

Excluding the benefit of the reduced rate of VAT, underlying like-for-like system sales, excluding splits, grew by 5.5%.

Total orders returned to a positive trend, up 3.5% in the first half, driven by collection orders up 27.1%, as the group laps the closure of the collection business for much of Q2 last year.

For the period, collection orders traded at 71% of 2019 levels during the half, and are currently trading at over 75%.

The company noted that service standards were impressive with best in class average delivery time of less than 25 minutes.

Digital momentum continues, with UK online sales up 25%, representing 93% of UK system sales.

CEO Dominic Paul said, “I am delighted with the performance of the business in the year to date. We’ve worked closely with our franchisees to maintain fantastic service levels to our customers, while continuing to prioritise the safety of our colleagues and customers. I’d like to thank everyone in the system for their incredible commitment through the pandemic.

'We have continued to invest in the business as we focus on delivering our strategy with the opening of a new state of the art supply chain centre in Scotland, the launch of our redesigned mobile ordering App, and the roll out of our supercharged marketing campaign which has strengthened our brand and significantly boosted awareness levels.

'The strong trading in the first half of the year provides us with the firm foundations for the delivery of our strategic growth objectives, which build upon our strengths in both delivery and collection. This will enable us to deliver strong system sales growth and increase our store numbers in the UK and Ireland.

'Whilst the external landscape remains uncertain, the second half has started well. I believe our agile business model leaves us well placed to capitalise on the significant opportunities ahead while continuing to invest in our strategy, which will deliver benefits for franchisees and shareholders alike.”