Domino’s net profit down by over 21% in FY2024

Underlying earnings per share increased 13.3% to 20.4p in FY2024.

Domino’s Pizza Group’s profit after tax was down by 21.6% to £90.2m on a 52-week basis, compared to 2023 which benefitted from the disposal of the investment in the German associate.

System sales increased by 2% to £1.57b. On a comparable basis, like-for-like sales for FY2024, excluding splits and VAT, rose by 0.7%.

Delivery orders returned to growth in FY2024, rising by 2.4%, with collection orders up by 0.5%.

Underlying EBITDA reached £143.4m, up 6.4% due to the pass-through of lower food costs to our franchise partners, substantially offset by the contribution from Shorecal and lower technology platform costs.

Underlying earnings per share increased 13.3% to 20.4p in FY2024, driven by increased Underlying EBITDA and a lower number of shares in issue from share buyback programmes.