22 April 2021
Domino's Pizza Group plc
AGM and Q1 Trading Update
Domino's Pizza Group plc today issues a trading update for the 13-week period from 28 December 2020 to 28 March 2021 ahead of its Annual General Meeting.
Trading in the first quarter has been strong, with exceptional trading over the new year period, resulting in UK & Ireland system sales1 of £371.3m, up 18.7% on the first quarter of last year which was largely unaffected by the impact of Covid-19. Like-for-like system sales2, excluding splits, were up 18.5% maintaining our performance momentum.
The sales performance of our delivery business has been particularly good, more than offsetting the lower sales within our lockdown-impacted collection business. At an order count level, we have seen delivery growth of 6.8% in the quarter with collection reporting some recovery, now trading at 65% of 2019 levels.
In line with our planned exit from wholly-owned and directly operated international markets, we announced in March that we have agreed terms for the disposal of our discontinued businesses in Sweden and Iceland, which we expect to complete by the end of May.
Commenting on trading, Dominic Paul, Chief Executive Officer said:
"We are pleased with the strong performance of the business in the first quarter of the year. The investments we are making to deliver our multi-year strategic plan give us confidence in our ability to capitalise on the opportunities which lie ahead as the nation begins to emerge from the Covid-19 lockdown restrictions."
"With management focused on our core UK & Ireland business, we are working to fulfil our vision of being the UK & Ireland's favourite food delivery and collection business. I look forward to sharing an update on our progress at our half year results."
Next scheduled announcement
Our next scheduled announcement will be our half year results on 3 August 2021.
System sales represent the sum of all sales made by both franchised and corporate stores to consumers in UK & Ireland
2 LFL excluding splits system sales performance is calculated for UK & Ireland against a comparable 13-week period in the prior year for mature stores which were not in territories split in the year or comparable period. Mature stores are defined as those opened prior to 29th December 2019.
For Domino's Pizza Group plc:
Geoff Callow, Fiona O'Nolan - Equitory +44 (0) 7710 440158
Tim Danaher, Samantha Chiene - Brunswick +44 (0) 207 404 5959
About Domino's Pizza Group
Domino's Pizza Group plc is the UK's leading pizza brand and a major player in the Irish market. We hold the master franchise agreement to own, operate and franchise Domino's stores in the UK, the Republic of Ireland and Switzerland. We also have an associate investment in Germany and Luxembourg.