Domino's posts strong Q3 results
The pizza company issued the trading update from 27 June 2016 to 25 September 2016.
Domino's reported system sales in the UK to have increased by 10.5%, supported by the 21 new stores opened in the period, bringing the total year to date to 51. Of these, 34 were stores where the trading area was split between units.
System sales through digital channels were strongly ahead, up 18.1% compared to Q3 last year. Over 81% of delivered sales in the year to date have been online, with 64% placed through the app or mobile website.
In light of the strong performance, the brand upped its UK openings expectation from 70 to up to 80 new outlets in 2016. The company is also confident, given its continued strong sales performance, that its forecast full year results will be in line with market expectations.
Commenting on the results, Chief Executive Officer David Wild, said: "The business continues to trade well with a strong sales uplift across the Group during the period. As highlighted at our interim results in July, we face tough comparatives in the second half of the year, but our continued investment in e-commerce, our international expansion and the launch of our new Italiano range taking us to new customers, will help to drive performance for the remainder of the year. Our new store programme provides a strong platform for future growth."
"On 10th October we welcomed to the group Rachel Osborne as an executive director and Chief Financial Officer of the Company. We shall provide a more detailed update on our long term plans at our Capital Markets Day in London on 24th November 2016."
