Belfast Telegraph

Rain helps Domino's Pizza shares rise to all-time high

By Roger Baird

Domino's Pizza said strong online sales and surging demand for takeaways in the wet summer weather would see it deliver better-than-expected annual results.

The group, which has over 800 stores in the UK, including 23 in Northern Ireland, said UK like-for-like sales jumped 14.9% in the 13 weeks to September 27, compared with a year earlier.

It said growing popularity of its app helped online orders rise 35%, adding that 75% of all orders have come through its online channels in the year to date.

The pizza delivery firm also said it was helped by relatively poor weather during the summer months. The group said given its strong third-quarter trading and a solid start to the fourth quarter, it expected full-year results to be ahead of forecasts.

The bullish update sent Domino's shares up 14% to an all-time high.

Chief executive David Wild said: "We are delighted by this performance, as our UK business goes from strength to strength."

Belfast Telegraph