Share Dealing
Profits jump at Domino’s
Ellie Duncan, 15 February 2012
Domino’s Pizza has posted a ‘good set’ of results for 2011 after sales and profits rose.
The pizza delivery company reported that total sales were up 9.3 per cent to £530.6 million, from £485.3 million in 2010.
Pre-tax profits jumped 14.6 per cent to £43.6 million in the 52 weeks ended 25 December 2011, excluding losses of £1.4 million from its new business in Germany.
Chief executive Lance Batchelor said that 2011 was a ‘busy year’ for the group, which saw a record 62 new stores opened, in addition to the launch of its operations in Germany, and that it was a 'good set of figures'.
The fast-food retailer saw like-for-like sales rise 3 per cent in its 604 mature stores, with sales at its UK outlets up by 3.7 per cent.
Online sales soared 43 per cent to £183.1 million last year, with online sales accounting for 44.3 per cent of delivered sales in the UK.
The release of Domino’s Pizza iPad and Android apps also boosted results, as mobile platforms accounted for 14 per cent of online orders in the fourth quarter.
The company announced that it had decided to raise its total dividend by 20.6 per cent to 12.30p per share.
Batchelor commented, ‘The consumer backdrop remains a tough one, but with record store openings and continuing appetite from our franchisees, we remain confident of the group’s ability to drive both sales and profits going forward.’
Shares in Domino’s Pizza remained flat, down just 0.06 per cent to 477.20p at 11.22am.
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