LFL sales pick up in 2012 at Domino's Pizza
Profits from pizza delivery firm Domino's Pizza were marginally ahead of market expectations despite its German operations taking a slice from the pie.
Profits from pizza delivery firm Domino's Pizza were marginally ahead of market expectations despite its German operations taking a slice from the pie.
Profit before tax for the 52 weeks to Christmas Day 2011 rose by 14.6% to £43.6m from £38.0m the year before, though this figure excluded losses of £1.4m from the group's fledgling German operations; with German losses included, the profit of £42.2m was slightly ahead of market expectations of £42.1m.
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
Like-for-like (LFL) sales in in 2011 were up year-on-year by 3.0%.
"Trading has continued to be robust during the first seven weeks of 2012 with like-for-like sales for the group increasing by 3.7%," revealed Lance Batchelor, Chief Executive Officer of Domino's.
Analysts were expecting a more impressive uplift in LFL sales given that sales in the early part of 2011 would have been dampened by the increase in the rate of value added tax to 20%.
More to follow ...
jh
-
NS&I cuts interest rates on two easy-access savings accounts – are they still worth it?NS&I has announced more interest rate cuts, just weeks after launching less attractive rates on fixed-term British Savings Bonds
-
Hargreaves Lansdown shakes up fees in biggest change in 10 years – what does it mean for you?Hargreaves Lansdown is lowering its headline fee from 0.45% to 0.35% – but not everyone will be happy with the new fee structure, it’s been suggested.
