Domino's Pizza shares surge after strong Q3 sale results

By Laura Mullan
Domino’s Pizza Group revealed that its shares surged by 21% in its third quarter compared with a year earlier after the company delivered a strong ris...

Domino’s Pizza Group revealed that its shares surged by 21% in its third quarter compared with a year earlier after the company delivered a strong rise in sales particularly in the UK and Europe. 

The pizza company, which operates locations in the UK and Ireland as well as Iceland, Norway Sweden and Switzerland, announced a growth in sales by 20.8% to GBP£286.4mn. 

RELATED STORIES:

 

The UK’s biggest pizza delivery firm said that its UK sales saw a boost of 8.1% at stores that were open for more than a year, whilst online orders in the UK rose by 17.4%.

The UK growth comes as Domino’s Pizza Group reached a major landmark in the Group’s history, opening its 1,000th store in the country, 

Meanwhile, in the rest of Europe, sales reportedly rose by 25% to GBP£24.8mn. 

The company cited the opening of new stores and quirky additions to its menu including chocolate-covered pizzas as the reason for its growth. 

Domino’s was the biggest rise in the FTSE 250, with the mid-cap index by 63.41 points at 20,165.97. 

The company expects full-year capital expenditure to be in the lower end of the GBP$50mn-GBP£60mn range and for pre-tax profit to be at least in line with current market expectations. 

The company said it would open 90 new stores in the UK this year, saying that there was a strong demand for delivered food in the UK despite the uncertain consumer environment. 
 

Share

Featured Articles

Careers Passport: flagship programme to help jobseekers

A fast-track job scheme designed to remove barriers to enter the food and drink industry has seen over 1,000 training opportunities created.

Coca-Cola, Diginex & Reckitt tech to support supply chains

Respect for human rights is critical to good business, says Coca-Cola’s Paul Lalli, as the company joins diginexLUMEN to catch supply chain forced labour

Luxury food manufacturer Venchi on sustainable packaging

Cècile Osti, of luxury chocolate manufacturer Venchi, on Easter 2022, Sorrento lemons, sustainable packaging, natural ingredients & the pleasure of food

How has the pandemic affected sales at General Mills?

Food

Morrisons partners with Nestle in sustainability scheme

Retail

PepsiCo Launches pep+ a Strategic End-to-End Transformation

Drink