Interim Results

Domino's Pizza UK & IRL PLC
25 July 2001


For Immediate Release                                              25 July 2001



                         DOMINO'S PIZZA UK & IRL plc
                               INTERIM RESULTS
                  FOR THE TWENTY-SIX WEEKS ENDED 1 JULY 2001

Domino's Pizza UK & IRL plc ('Domino's Pizza', symbol: DOM) announces its
interim results for the twenty-six weeks ended 1 July 2001.

Highlights


*     System sales increased 32.9% to £46.4m (2000: £34.9m)
*     Like for like sales up 22.0% (2000:1.8%)
*     13 new stores opened (2000: eight stores)
*     Number of stores up to 228 (2000: 206 stores)
*     Group turnover up 43.2% to £20.8m (2000: £14.5m)
*     Operating profit rose by 26.6% to £1.33m (2000: £1.05m)
*     Profit before tax increased by 15.4% to £1.18m (2000: £1.02m)
*     Basic earnings per share up 16.3% to 1.71p (2000: 1.47p).  Fully
      diluted earnings
      per share up 19.9% to 1.69p (2000: 1.41p)
*     Interim dividend of 0.57p per share (2000: 0.37p)


Stephen Hemsley, Chief Executive of Domino's Pizza, commented:

'This is the first interim report I have made to shareholders following my
appointment as Chief Executive.  I am therefore very pleased to report that
your company is going from strength to strength.  In the first six months of
this year, very strong sales growth has driven profits to record levels. The
store opening programme, which is fundamental to our future growth plans, is
accelerating over that achieved in the first half of 2000. I therefore
currently look forward with great optimism to our maintaining the progress
achieved in the first half of the year.'



Contact:

Domino's Pizza                                01908 580672 / 07909 928016
Stephen Hemsley / Bernadette Eddisford

Buchanan Communications                       020 7466 5000
Richard Oldworth / Isabel Petre


Notes to editors:

Domino's Pizza UK & IRL plc is quoted on the Alternative Investment Market of
the London Stock Exchange (symbol: DOM). Its subsidiary, Domino's Pizza Group
Limited, is the UK's leading pizza delivery company and holds the exclusive
master franchise to own, operate and franchise Domino's Pizza stores in the UK
and Ireland. The first UK store opened in 1985 and today there are 230 stores
in the UK and Ireland.

Domino's Pizza is world leader in pizza delivery and was founded in the United
States in 1960. There are currently more than 7000 stores open across 64
international markets employing over 120,000 people.


CHIEF EXECUTIVE'S STATEMENT

INTRODUCTION

This is the first interim report I have made to shareholders following my
appointment as Chief Executive (1st January 2001).  I am therefore very
pleased to report that your company is going from strength to strength.  In
the first six months of this year, very strong sales growth has driven profits
to record levels. The store opening programme, which is fundamental to our
future growth plans, is accelerating over that achieved in the first half of
2000.

It is now time to further extend our significant market leadership and to gain
a dominant position in the UK and Ireland's fast-growing pizza delivery
markets. Our target is to have 500 stores by 2006 compared to the 230 we have
today. To reach this ambitious growth target, our strategic focus will
continue to be on an accelerated store roll-out.

This growth will not be achieved without absolute focus on the fundamentals of
the Domino's Pizza system - product, service and image.  The use of fresh
dough and fresh ingredients in our pizzas is critical to maintaining high
standards of customer satisfaction and levels of repeat purchase. Whilst the
efforts made to source the finest ingredients from highly regarded suppliers
impose significant additional cost on Domino's, we remain totally committed to
this approach. Not only does it result in a better pizza, it has also earned
the Company a higher level EFSIS (European Food Safety Inspection Standard)
accreditation which is testament to our ability to offer our customers
consistent, tasty and safe products.

Having provided our stores with the finest ingredients, we must then provide
our team members with all the training and assistance needed to help them
prepare and deliver the best possible pizza. We have committed more resources
to this vital area such as a stringent store visit programme, continuous
operational evaluation and world-class training.

SALES

System sales in the first twenty-six weeks of 2001 at £46.4m were 32.9% ahead
of the previous year (2000: £34.9m).  Like-for-like sales for the 191 stores
that had been open for a full year at the start of 2001 were 22.0% ahead at £
8,330 (2000: £6,829).  This exceptional performance, which far exceeded our
budgets, can be attributed to a number of factors, such as the £1m investment
made in the last quarter of 2000 by our stores in introducing our new heated
delivery technology HeatwaveTM, the continuing effectiveness of our local
marketing campaigns and the acceleration in store refurbishments, now at the
rate of one per week, that has given us a stronger brand presence on more high
streets throughout the UK and Ireland.

Furthermore, the latest independent research indicates that our brand has
achieved its highest ever awareness rating of 87%. Our sponsorship of The
Simpsons on Sky One, which recently reported a 32% increase in gross audience
figures, is set to continue until 2004.

However, the single most important factor has been the launch of our first
ever national terrestrial TV advertising campaign which ran in five bursts
from January to July.  This well-targeted advertisement which was delivered in
1170 spots on Channel 4, HTV Wales and a number of cable and satellite
channels, communicated the benefits of our new HeatwaveTM technology and has
proved very popular and highly effective.

As the Domino's system grows, so too does the size of the National Advertising
Fund ('NAF') into which all stores contribute 4% of turnover to fund national
marketing and advertising.  Many of the NAF's costs are relatively fixed, so
that as the fund grows we have progressively more resources with which to
finance TV advertising. Further terrestrial TV advertising can therefore be
expected.

RESULTS

Group turnover, which includes royalty income, food sales and sales made by
corporate stores was 43.2% ahead at £20.8m (£14.5m).  Operating profit rose by
26.6% to £1.33m (2000: £1.05m).  The result for 2000 included other income of
£229,000 from the trading in stores (2001: Nil), which whilst part of the
normal business of a franchisor, does not recur on a consistent basis.  If
this item were excluded, operating profits in the period would have increased
by 62% over the 2000 interim period.

The interest charge in 2000 of only £49,000 reflected the reduction in
borrowings resulting from the IPO proceeds.  These proceeds have subsequently
been invested in corporate stores, resulting in a significant increase in the
interest charge to £180,000 in 2001.  However, interest remains a comfortable
7.6 times covered by operating profit (2000: 21.9 times). Profit before tax
increased by 15.4% to £1.18m (2000: £1.02m).

Basic earnings per share increased 16.3% to 1.71 pence per share in 2001 from
1.47 pence per share in 2000.  Fully diluted earnings per share increased
19.9% to 1.69 pence per share from 1.41 pence per share.

The Board has declared an interim dividend of 0.57 pence per share (2000: 0.37
pence per share).  The dividend will be paid on 3rd September to shareholders
on the register on 17th August 2001.

SYSTEM EXPANSION

In the first twenty-six weeks of 2001, 13 new stores have been opened (2000:
eight stores). At 1 July 2001 we had 228 delivery stores (2000 interim: 200
stores) including one experimental delivery store (2000 interim: six stores).
The increased focus on new store openings is beginning to have a positive
impact on our growth and we remain confident that we will significantly exceed
the 22 new stores achieved last year.

CORPORATE STORES

Corporate stores are contributing ahead of budget and are more than meeting
the cost of the increased royalty payment due to the US which came into effect
on 28th May 2001. Year 2000 was one of very rapid growth for our corporate
stores division and I am pleased to report that, despite some initial growing
pains, we have been able to benefit from the potential that originally
motivated us to develop this area of the business.  One recent highlight for
the corporate stores division was the opening of a new store in Leighton
Buzzard which broke the divisional sales record during launch week.

We started the year with 31 corporate stores owned and operated by the Group
(2000 interim: 18 stores).  Since then we have opened two new stores and
acquired one, bringing the period-end total to 34. We continue to own one
further store, which is operated by a franchisee.

Compared to 2000, the rate of expansion in corporate stores has slowed,
reflecting both our changed priorities and the need to consolidate the
portfolio acquired.  We anticipate that the portfolio will continue to grow at
a modest rate and on an opportunistic basis, with the focus since the start of
the year being on strict overhead control, maximisation of sales and the
enhancement of profitability.

It is our belief that the development of corporate stores will remain an
important part of our strategy, but not one that will take higher priority
than our continued rollout in the UK and Ireland.

E-COMMERCE

Our market-leading position in the application of e-commerce to the food
delivery sector remains unchallenged.  Domino's presence on every major
national interactive TV platform in the UK, together with our nationwide
online ordering service, generates over £300,000 in sales per month from over
20,000 orders.  The direction of e-commerce over the first half of this year
has moved on from the rapid development of associations with new platforms to
the maximisation of the revenue we generate via these media.  This strategy
will continue with modest further investment to improve the interface with our
store computer systems and to ensure the infrastructure remains scaleable.

PEOPLE

The best pizza and the best profits can only come as a result of having the
best people at all levels of the business. None of the impressive results we
have achieved in the first half of this year would have been possible without
the continuing commitment and enthusiasm of our team members and franchisees.

In recognition of the critical role played by our people, an independent
assessment of our corporate reward strategy was recently completed and we are
confident that Domino's is offering remuneration and opportunity at levels
that support the attraction and retention of the very best industry
professionals.

With franchisees, we are striving for even better levels of transparency and
more regular, higher level contact to assist them in the development of their
own enterprises. This includes the provision of world-class training and
operational support for franchisees themselves and their team members.

OUTLOOK

I am greatly encouraged by the sales growth we have reported which has
continued since the end of the interim period. I therefore currently look
forward with great optimism to our maintaining the progress achieved in the
first half of the year.


Stephen Hemsley                            Colin Halpern
Chief Executive                            Chairman
25 July 2001                               25 July 2001



GROUP PROFIT AND LOSS ACOUNT


                                              (Unaudited) (Unaudited)
                                              26 weeks to   26 weeks   53 weeks
                                                                  to         to
                                                   1 July    25 June         31
                                                                       December
                                                     2001       2000       2000
                                    Notes            £000       £000       £000

TURNOVER
Turnover: group and share of joint
venture's turnover                                 21,277     14,905     33,652
Less: share of joint venture's                                 (411)    (1,121)
turnover                                            (524)

GROUP TURNOVER                                     20,753     14,494     32,531
Cost of sales                                    (11,252)    (8,069)   (17,071)

GROSS PROFIT                                        9,501      6,425     15,460
Distribution costs                                (3,485)    (2,156)    (5,409)
Administration expenses                           (4,688)    (3,449)    (7,938)

                                                    1,328        820      2,113
Other operating income                                  -        229        279

OPERATING PROFIT                                    1,328      1,049      2,392

Share of operating profit in joint                     35         23         70
venture
Amortisation of goodwill on joint                     (2)          -        (5)
venture

                                                       33         23         65
TOTAL OPERATING PROFIT: GROUP AND
SHARE OF JOINT VENTURE                              1,361      1,072      2,457

Net interest payable                                (180)       (49)      (268)

PROFIT ON ORDINARY ACTIVITIES
BEFORE TAXATION                                     1,181      1,023      2,189
Tax on profit on ordinary              2            (325)      (286)      (581)
activities

PROFIT FOR THE FINANCIAL PERIOD                       856        737      1,608
Dividends                                           (285)      (185)      (400)

RETAINED PROFIT FOR THE PERIOD                        571        552      1,208

Earnings per share  - basic           3              1.71       1.47       3.21
                    - diluted                        1.69       1.41       3.11



There are no recognised gains and losses other than those included in the
profit and loss account.


GROUP BALANCE SHEET
                                         (Unaudited)  (Unaudited)
                                              1 July      25 June  31 December
                                                2001         2000         2000
                                 Notes          £000         £000         £000

FIXED ASSETS
Intangible assets                              1,932          714        1,992
Tangible assets                               12,211        8,310       11,459
Investment in joint venture                      271          244          248
Investment properties                              -          802            -

                                              14,414       10,070       13,699

CURRENT ASSETS
Stocks                                         1,180          901        1,194
Debtors                            4           8,401        5,010        7,205
Cash at bank and in hand                       3,277        3,254          998

                                              12,858        9,165        9,397
CREDITORS: amounts falling due
within one year                    5         (9,899)      (5,184)      (8,103)

NET CURRENT ASSETS                             2,959        3,981        1,294

TOTAL ASSETS LESS CURRENT
LIABILITIES                                   17,373       14,051       14,993

CREDITORS: amounts falling due
after more than one year           6         (8,218)      (6,087)      (6,429)

                                               9,155        7,964        8,564

CAPITAL AND RESERVES
Called up share capital                        2,502        2,500        2,500
Share premium account                          2,064        2,102        2,046
Profit and loss account                        4,589        3,362        4,018

Equity shareholders' funds                     9,155        7,964        8,564


GROUP STATEMENT OF CASH FLOWS
                                           (Unaudited)     (Unaudited)
                                             26 weeks     26 weeks to  53 weeks
                                                   to                        to
                                               1 July         25 June        31
                                                                       December
                                     Notes       £000            £000      £000
NET CASH INFLOW FROM OPERATING
ACTIVITIES                             7        1,860           (876)     1,494
RETURNS ON INVESTMENTS AND SERVICING
OF FINANCE
Interest received                                  51              25        60
Interest paid                                   (214)            (63)     (283)
Interest element of finance lease
rental
payments                                          (5)            (11)      (19)
                                                (168)            (49)     (242)
TAXATION
Corporation tax paid                             (30)           (130)     (594)

CAPITAL EXPENDITURE AND FINANCIAL
INVESTMENT
Payments to acquire intangible fixed              (8)            (91)      (54)
assets
Payments to acquire tangible fixed            (1,187)         (1,375)   (4,394)
assets
Payments to acquire investment                      -           (429)         -
properties
Receipts from sales of tangible and
intangible fixed assets                           138             317       391

                                              (1,057)         (1,578)   (4,057)
ACQUISITIONS AND DISPOSALS
Purchase of subsidiary undertaking                  _               _   (1,514)
Net overdraft acquired with                         _               _     (194)
subsidiary

                                                    -               -   (1,708)

EQUITY DIVIDEND PAID                            (215)           (140)     (329)
NET CASH OUTFLOW BEFORE FINANCING                 390         (2,773)   (5,436)

FINANCING
Issue of  shares                                   19              -       (56)
New long-term loans                             2,081           1,500     3,520
Repayments of long-term loans                   (171)               -   (1,500)
Repayment of capital element of
finance leases
and hire purchase contracts                      (41)            (54)     (111)
                                               ------          ------    ------

                                                1,888           1,446     1,853

INCREASE / (DECREASE) IN CASH                   2,278         (1,327)   (3,583)


NOTES TO THE INTERIM REPORT

1.        BASIS OF PREPARATION OF INTERIM FINANCIAL INFORMATION

The interim financial information has been prepared on the basis of the
accounting policies set out in the group's statutory accounts for the
fifty-three weeks ended 31 December 2000.  The taxation charge is calculated
by applying the directors' best estimate of the annual tax rate to the profit
for the period.  All other accounting polices set out in the accounts for the
fifty-three weeks ended 31 December 2000 were applied for the purposes of this
statement.

Basis of consolidation

The group accounts consolidate the accounts of Domino's Pizza UK & IRL plc and
all its subsidiary undertakings drawn up to the nearest Sunday of the month
end.

2.        TAXATION

The taxation charge is made up as follows:


                                       26 weeks to   26 weeks to   53 weeks to
                                            1 July       25 June   31 December
                                              2001          2000          2000
                                              £000          £000          £000

UK corporation tax                             325           286           625
Share of joint venture tax                       -             -            12
(Over)/underprovided in prior years              -             -          (56)

                                               325           286           581


3.        EARNINGS PER SHARE

The calculation of basic earnings per ordinary share is based on earnings of £
856,000 (2000: £737,000) and on 50,005,710 (2000: 50,000,000) ordinary shares.

The diluted earnings per share is based on 50,621,465 (2000: 52,423,798)
ordinary shares which takes into account theoretical ordinary shares that
would have been issued, based on average market value if all outstanding
options were exercised.


4.        DEBTORS
                                    (Unaudited)      (Unaudited)
                                         1 July          25 June    31 December
                                           2001             2000           2000
                                           £000             £000           £000

Trade debtors                             2,554            2,506          2,663
Amounts owed by joint venture               345              345            345
Other debtors                             3,055            1,579          2,192
Prepayments and accrued income            1,357              580          1,227
Net investment in finance lease           1,090                -            778

                                          8,401            5,010          7,205



Included within debtors is £1,395,000 (2000: £661,000) due after more than one
year.



5.            CREDITORS: amounts falling due within one year


                    (Unaudited)

                                                           (Unaudited)
                        1 July                                 25 June       31
                                                                       December
                          2001                                    2000     2000
                          £000                                    £000     £000

Other loans                252                                       -      154
Finance lease               62                                      96       79
creditors
Trade creditors          4,536                                   2,424    3,949
Amounts owed to              -                                       1        -
parent undertaking
Corporation tax            582                                     467      287
Other taxes and            955                                     562      697
social security
costs
Other creditors            390                                      84      468
Accruals and             2,837                                   1,360    2,253
deferred income
Proposed dividend          285                                     190      216

                         9,899                                   5,184    8,103

6.            CREDITORS: amounts falling due after more than one year

                                                (Unaudited) (Unaudited)

                                                     1 July    25 June       31
                                                                       December
                                                       2001       2000     2000
                                                       £000       £000     £000

Bank loans                                            7,500      6,000    6,000
Finance lease creditors                                  39         87       63
Other loans                                             679          -      366

                                                      8,218      6,087    6,429



7.          NOTES TO THE CASHFLOW STATEMENT

Reconciliation of operating profit to net cash flows from operating activities
                                        (Unaudited)    (Unaudited)
                                             1 July        25 June  31 December
                                               2001           2000         2000
                                               £000           £000         £000

Operating profit                              1,328          1,049        2,392
Depreciation Charge                             432            325          768
Amortisation Charge                              69             24           88
Other operating income                            -          (229)        (279)
Decrease/(Increase) in debtors              (1,020)        (1,038)      (1,562)
Decrease/(Increase) in stocks                    14          (130)        (417)
Increase in creditors                         1,349          (877)        1,282
(Increase) in finance lease                   (312)              -        (778)
receivables

                                              1,860          (876)        1,494



8.       PUBLICATION OF NON-STATUTORY ACCOUNTS

The financial information contained in this statement does not constitute
statutory accounts as defined in Section 240 of the Companies Act 1985.  The
financial information for the full preceding year is based on the statutory
accounts for the fifty- three weeks ended 31 December 2000.  Those accounts,
upon which the auditors issued an unqualified opinion, have been delivered to
the Registrar of Companies.

 9.    This report is being sent to all registered shareholders. Copies can
also be obtained from the Registered Office at Domino's House, Lasborough
Road, Kingston, Milton Keynes MK10 OAB.



INTRODUCTION

We have been instructed by the company to review the financial information set
out on pages 7 to 12   and we have read the other information contained in the
interim report and considered whether it contains any apparent misstatements
or material inconsistencies.

DIRECTORS' RESPONSIBILITIES

The interim report, including the financial information contained therein, is
the responsibility of, and has been approved by the directors.  The Listing
Rules of the Financial Services Authority require that the accounting policies
and presentation applied to the interim figures should be consistent with
those applied in preparing the preceding annual accounts except where any
changes, and the reasons for them, are disclosed.

REVIEW WORK PERFORMED

We conducted our review in accordance with guidance contained in Bulletin 1999
/4 issued by the Auditing Practices Board.  A review consists principally of
making enquiries of group management and applying analytical procedures to the
financial information and underlying financial data and based thereon,
assessing whether the accounting policies and presentation have been
consistently applied unless otherwise disclosed.  A review excludes audit
procedures such as tests of controls and verification of assets, liabilities
and transactions.  It is substantially less in scope than an audit performed
in accordance with Auditing Standards and therefore provides a lower level of
assurance than an audit.  Accordingly we do not express an audit opinion on
the financial information.

REVIEW CONCLUSION

On the basis of our review we are not aware of any material modifications that
should be made to the financial information as presented for the six months
ended 1 July 2001.



Ernst & Young LLP
Luton