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.