Domino's Pizza Group announces its interim results
The group system sales rose by 10.5%.
In a release, Domino’s Pizza Group plc announced its results for the 26 weeks, ended 25 June 2017. It showed the company’s continued growth and increased digital participation.
Also noted as one of the company's financial highlights is the opening of 40 new stores in the UK.
The brand also highlighted their strategic progress with continuing digital and infrastructure investment programme in the UK, investing in customer value to further drive volume, and leveraging scale, brand, and economic model to grow more strongly in the region.
Domino’s Pizza will also invest up to £4m gross in 2017 to improve value for customers and strengthen national promotions, and is planning to accelerate store roll-out to launch 90 outlets in the UK this 2017.
Chief executive officer David Wild said, “The first half of 2017 has been another period of good progress for Domino’s Pizza Group, despite a more uncertain UK economic environment. The core business delivered strong year-on-year system sales, continuing to take pizza market share, with good like-for-like performance.
“This autumn, we’ll invest around £4m to improve customer value, supported by a bold new advertising campaign. Our ongoing investment in growth, our new Warrington supply chain centre, digital capabilities and overseas expansion is balanced by returning capital to shareholders through dividends and share buybacks.
“Whilst we acknowledge that our UK consumers are currently more cautious about the economic outlook, we’re focussing on growth investment with our franchisees; boosting marketing; improving customer engagement and enhancing our leading position in food delivery. Pizza remains the world’s most popular delivered food, and Domino’s is the top choice for consumers.”
