Domino’s grabs bigger slice of UK pizza market
Domino’s has been boosted by its UK sales, but warned over a high cost base in its Norwegian business.
The pizza group reported sales of £616.6 million for the 26 weeks ended 1 July, up 12.8 per cent from the comparable period in 2017. Its profit before tax fell 9.7 per cent during the period to £41.7m.
Domino’s said its growth had been driven by the UK market, with sales rising 8.1 per cent from £522.7m to £565.1m.
The group’s franchisees opened 22 stores in the first
half of the year, bringing its total outlets in the UK to 1,067. Domino’s said it expects around 60 openings in the UK this year.
The pizza brand has also been building its presence in Switzerland, Iceland, Norway and Sweden.
Chief executive David Wild said it was taking “some time” to iron out the company’s operations internationally, and that its costs were particularly high in Norway. He added: “It’s been another good trading period for Domino’s.”