Belfast Telegraph

Growth slows at Domino's Pizza

By Peter Cripps

Domino's Pizza has revealed a further slowdown in sales growth after a double digit plunge in stricken Ireland offset gains in the UK.

The company said like-for-like sales in its 48 stores in the Republic reduced by 10.5% in the 13 weeks to March 27, while its stores in the UK saw sales increase by 5.5%.

The group, which has 672 stores in the UK and Ireland, said overall like-for-like sales growth had fallen to 4.2% from 10.5% a year ago.

The group also warned that future growth is likely to be impacted as it comes up against tougher comparatives in the next quarter.

Three new outlets opened in Larne, Carrickfergus and Armagh last week with the creation of 100 new jobs.

Its Ireland business is being hit by a clampdown in consumer spending as the country suffers amid tough economic woes.

The results are the first time it has provided separated sales figures for the UK and Ireland in a bid to show investors that the UK business, which represents 93% of sales, is still in growth.

Popular