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Domino's Pizza confident over full-year results despite sales slowdown

Published 12/10/2016

Domino's Pizza said its investment in digital platforms and new store openings helped boost turnover
Domino's Pizza said its investment in digital platforms and new store openings helped boost turnover

Sales at Domino's Pizza's UK operations grew at a slower pace in the third quarter, but the firm said it is still on track to meet full-year expectations.

Like-for-like sales grew by 3.9% in the three months to September 25, compared with 14.9% in the same period last year.

"The comparatives remain challenging, but the continued strong sales performance means the board is confident our forecast full-year results will be in line with market expectations," Domino's said.

The firm added that revenues for the core UK division grew by 10.5% to £220.9 million while group sales rose by 11.5% to £237 million.

Domino's said its investment in digital platforms and new store openings helped boost turnover.

Chief executive David Wild said: "The business continues to trade well with a strong sales uplift across the group during the period.

"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."

The company said it now expects to open up to 80 new UK stores this year, an increase on earlier forecasts of 70 new sites.

Press Association

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