Pizza on the menu as Dominos reports robust sales
Pizza delivery firm Domino's Pizza said it would hit full year earnings targets as it reported a robust final quarter of the year.
Pizza delivery firm Domino's Pizza said it would hit full year earnings targets as it reported a robust final quarter of the year.
The company said online sales continued to be 'the star of the show' as the group opened a record number of stores in 2012.
In the 14 weeks to 30th December sales grew by 20% to £174.5m, with like-for-like sales in its 612 UK 'mature' stores growing by 5%.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
However, like-for-like sales in the Republic of Ireland were down in Euros by 3.8%, following a 0.9% drop the previous year.
Across the whole year sales increased by 12.7% to £598.6m, with like-for-like sales in UK stores growing by 5.0%.
Stores in the Republic of Ireland again took a hit, with sales down in Euros by 0.2%, although this was an improvement on the 4.4% drop in 2011.
Like-for-like sales for the year in the firm's two mature Berlin stores increased by 19.3% and 24.1%.
Total e-commerce sales for the period in the UK and the Republic of Ireland increased by 56.6% to £84.1m and online sales for the year were £268.6m, an increase of 46.3% on the previous year.
Online sales for the year accounted for 55.7% of UK delivered sales, up from 44.3%, with the company noting it had its first £2m e-commerce day in the UK and Republic of Ireland markets.
Sales for the year from mobile devices rose by 187% and now account for 19.7% of all online orders, up from 10.1% in 2011.
Sign up to Money Morning
Our team, led by award winning editors, is dedicated to delivering you the top news, analysis, and guides to help you manage your money, grow your investments and build wealth.
-
Going part-time could leave a £58,000 hole in your pension: how to plug the gap
There are many reasons for switching to part-time work, but some savers don’t consider the impact on their pension until it is too late
By Katie Williams Published
-
Three bargain investment trusts to add to your portfolio
These three investment trusts are bargains compared to their net asset value (NAV), but one fund analyst thinks the deep discounts are unwarranted.
By Dan McEvoy Published