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March 13, 2019

Domino’s UK reports 7% increase in system sales for 2018

Domino’s Pizza UK has reported £1.26bn in group system sales for the fiscal year (FY2018) ending 30 December 2018, representing 9% organic growth compared to £1.15bn for the same period in the previous year.

Pizza delivery service Domino’s UK has reported £1.26bn in group system sales for the fiscal year (FY2018) ending 30 December 2018, representing 9% organic growth compared to £1.15bn for the same period in the previous year.

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The chain reported a 7% increase in the UK and Republic of Ireland system sales to £1.15bn, compared to £1.07bn for the same period in the year before.

The company also reported total revenue of £534.3m, up 14.5% compared to £466.5m for the same period in 2017.

In addition, the fast food chain reported a 4.6% increase in the UK like for like (LfL) sales and a 4% increase in Ireland LfL sales.

The company opened 81 new Domino’s stores across the group including 58 locations in the UK.

“We expect an improved performance from International, with the business targeted to break even this year.”

Domino’s Pizza UK CEO David Wild said: “2018 was a mixed year. In the UK and Ireland, which account for around 90% of the business, we extended our excellent track record of growth and cash generation, responding well to the very challenging environment for the casual dining market.

“Our franchisees opened 59 new stores, creating more than 2,000 jobs and sold a record 102 million pizzas.

“We also continued investing for future growth in digital and by successfully completing our new Supply Chain Centre in Warrington, our most significant investment to date, which supports our target of 1,600 stores in the UK.

“Internationally, we have experienced some growing pains which have hampered our overall financial performance.”

The company expects Domino’s in the UK to continue growth for 2019 and for its international targets to break even.

With a capex of £25-30m for 2019 including a supply chain capacity of £5m and efficiency investments in the UK and Republic of Ireland.

Free Whitepaper
img

What is the impact of historically high inflation on the UK consumer landscape?

The average UK consumer is experiencing a severe cost-of living crisis as inflation surges to a forty-year high and the price of goods continues to rise. This shock is the result of the sharply increasing costs of commodities, energy, and the ongoing conflict in Ukraine, and is threatening FMCG manufacturers, retailers, and foodservice operators’ ability to survive and grow. Inflation will have a profound effect on many consumer-facing industries in 2022 and beyond. Consult GlobalData’s new whitepaper, Inflation in the UK: The Impact of Historically High Inflation on the UK Consumer Landscape, to better understand shifts in consumer behavior and their impact on spending patterns, as well as the implications for UK businesses. This whitepaper covers:  
  • Why has global inflation returned with a vengeance?
  • What is the current inflation situation in the UK?
  • What impact is inflation having on UK retail sales?
  • What tactics are businesses relying on to tackle the effects of high inflation?
  • How are consumers changing their behaviors to cope with the higher cost of living?
  • Which industry sectors are most vulnerable to reduced consumer demand?
  • How is the government responding to high inflation?
  • How long will high inflation last in the UK?
  • How can your company survive and thrive in a high inflation environment?
Enter your details here to receive your free whitepaper and ready your business for these increasingly uncertain times.
by GD50 Custom
Enter your details here to receive your free Whitepaper.

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