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Domino's Pizza Grp (DOM)

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Wednesday 14 October, 2015

Domino's Pizza Grp

Q3 Trading Statement

RNS Number : 1647C
Domino's Pizza Group PLC
14 October 2015
 

14 October 2015

                                                                                Domino's Pizza Group plc

                                                                                Q3 Trading Statement

Strong sales momentum continues

Domino's Pizza PLC ("Domino's" or the "Group"), the UK's leading Pizza business, issues the following trading update relating to the period from 29 June 2015 to 27 September 2015 and updates its outlook for the year.

The Group delivered a very strong set of results for the period building on the already successful first half. The breakdown of sales performance by market is shown in the table below.

 

 

 

13 weeks to 27 September 2015

13 weeks to 28 September 2014

% change

Year

to

date

2015

Year

to

date

2014

% change

UK

System sales

LFL sales growth

£200.0m

+14.9%

£165.7m

+12.9%

+20.7%

£597.0m

+11.8%

£510.3m

+11.8%

+17.0%

ROI

System sales

LFL sales growth

€13.8m

+14.1%

€12.2m

+5.3%

+13.6%

€40.9m

+9.0%

€37.6m

+4.0%

+8.8%

Switzerland

System sales

LFL sales growth

CHF 4.1m

+5.3%

CHF 3.4m

+7.6%

+19.3%

CHF12.1m

+3.6%

CHF10.5m

+4.3%

+15.8%

Germany

System sales

LFL sales growth

€2.8m

+14.2%

€2.5m

-9.9%

+10.9%

€8.4m

+6.5%

€8.2m

-4.0%

+2.2%

Group

System sales

£214.5m

 

£179.6m

+19.4%

£641.2m

£554.6m

 

+15.6%

 

Trading in our core UK business was particularly robust driven by our continued investment in digital, now focussed on mobile. Revenue through digital channels was 35% ahead of Q3 last year and more than 75% of delivered sales in the year to date have been online, with more than half of these placed through the app on android or IOS devices. During the third quarter where our offline media spend has traditionally been low, we also benefitted from our ongoing sponsorship of Hollyoaks which enhanced brand saliency and drove revenues. Sales were also helped by relatively poor weather during the summer months. During the period 12 new stores were opened in the UK bringing the total year to date to 33. The Group remains on course to open a minimum of 50 stores in the UK during 2015.

We are very encouraged by the third quarter results in Ireland where we are also seeing an increasing trend towards digital ordering and the benefits of the continued economic recovery.

In Germany and Switzerland the Group has continued to focus its efforts on improving service to enhance store level performance. Whilst the results are encouraging there still remains a lot to do to improve the overall performance of these businesses.

 

Outlook

Given the strong performance of the business in the third quarter and a solid start to the fourth quarter, the Board expects full year results to be ahead of its expectations.

 

Commenting on the results CEO David Wild said

"We are delighted by this performance as our UK business goes from strength to strength, reflecting the success of our strategic and marketing initiatives. It represents the eighth consecutive quarter of double digit like for like sales growth as we continue to focus on delivering great food with great service, using our best in class digital platforms.

Our international businesses also continue to show encouraging signs of improvement.

We enter the final quarter of the year with good momentum, are confident of beating our previous expectations for the full year and remain excited about our longer term growth prospects."

 

For further information, please contact:

Domino's Pizza:

David Wild, Chief Executive Officer                                         020 3128 8100

Paul Doughty, Chief Financial Officer                                      020 3128 8100

 

MHP Communications:

Tim Rowntree, Simon Hockridge, Naomi Lane                     020 3128 8100

 

Numis Securities Limited

David Poutney, James Serjeant                                               020 7260 1000

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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