Domino’s like-for-like sales climb 9.7% in H1 | QSR Media
, UK
/Domino's

Domino’s like-for-like sales climb 9.7% in H1

The group's revenue surged by 19.6%.

Domino's Pizza Group Plc reported a like-for-like system sales growth (excluding splits & VAT) of 9.7%, with the group’s revenue surging by 19.6% to £332.9m in the first half of the year, according to its recently released financial statement.

Underlying EBITDA grew by 8.2% which includes £5.3m of previously guided one-off technology platform costs and no contribution from Germany. Excluding the one-off technology platform costs, underlying EBITDA would have been up 16.5%. Meanwhile, underlying profit before tax remained flat, driven primarily by higher interest costs following refinancing in H2 2022.

Domino’s said that whilst the market and consumer backdrop remains uncertain, as a result of the strong first-half performance and current momentum, it expects to deliver FY2023 Underlying EBITDA in a range of £132m - 138m.

“We remain focused on accelerating our execution, through five key areas of focus: franchise partner profitability & organisation, value for money, digital, convenience, and technology platform projects. Our asset-light business model and value proposition mean we are well placed to succeed in a challenging trading environment, and we remain confident that we will make further financial and strategic progress, and deliver increased returns for our shareholders,” Domino’s said.

Follow the link for more news on