Domino's Pizza UK & IRL PLC
26 April 2007
For immediate release 26 April 2007
Domino's Pizza UK & IRL plc
AGM STATEMENT
Domino's Pizza UK & IRL plc (the 'Company' or 'Domino's'), the UK and Ireland's
leading pizza delivery company, will be holding its Annual General Meeting at
1pm today.
Stephen Hemsley, Chief Executive, will make the following statement:
'I am pleased to report a strong start to the year with system sales in the 16
weeks to 22 April 2007 ahead 24.0% (2006: 18.9%) to £86.8m (2006: £70.0m). In
the same 16 weeks, like-for-like sales in the 404 mature stores (2006: 357
stores) were up 14.6% (2006: 8.8%). This growth was driven by our successful
product and marketing innovations. A key driver was also our continuing focus on
improving operational standards, and in particular, improving the speed of
service to our customers.
'We are very encouraged by the strong start to the year, but are mindful of the
very strong comparatives last year as a result of the football World Cup in June
/July 2006 and the strong product launch/marketing campaign in the last quarter
of 2006. Whilst prospects for 2007 are excellent, we are unlikely to be able to
maintain the like-for-like growth rate achieved in the first 16 weeks of the
year.
'A total of 14 new stores have opened as of today's date, (2006:12) and we are
at this stage on track to reach our target of 50 store openings this year,
despite the challenging planning regime. As a result of our strong trading and
on track store openings, we anticipate results for the financial year to be
ahead of current market expectations.
'As of today, there are 464 Domino's Pizza stores open and trading in the UK and
Ireland and the market continues to offer strong growth opportunities, with the
potential for up to 1,000 stores in these territories. We will continue to focus
exclusively on developing the Domino's Pizza brand in these markets.'
- ends -
For further information:
Stephen Hemsley - Chief Executive 01908 580604
Lee Ginsberg - Finance Director 01908 580611
Numis Securities Limited 020 7260 1000
David Poutney, Nick Westlake
The Hogarth Partnership Limited 020 7357 9477
Chris Matthews, Fiona Noblet, Anthony Arthur
Notes to Editors:
Domino's Pizza UK & IRL plc is the parent company of Domino's Pizza Group Ltd
('DPG') which holds the exclusive master franchise to own, operate and franchise
Domino's Pizza stores in the UK and Ireland. DPG is the leading player in the UK
and Ireland's fast-growing pizza delivery market. The first UK store opened in
1985 and the first Irish store opened in 1991.
There are 464 stores in the UK and Ireland. Of these, 372 stores are in England,
32 are in Scotland, 17 are in Wales, 11 are in Northern Ireland and 32 are in
the Republic of Ireland.
As part of a commitment to delivering more to the communities served by its
stores, Domino's Pizza Group Limited is proud to support Special Olympics GB and
Special Olympics Ireland.
Founded in 1960, Domino's Pizza Inc. is the recognised world leader in pizza
delivery. Through its primarily franchised system, Domino's Pizza operates a
global network of more than 8,000 stores in more than 50 countries.
For photography visit www.dominos.uk.com/media or contact The Hogarth
Partnership Limited on 020 7357 9477. High resolution images are also available
for the media to review and download free of charge from www.vismedia.co.uk
This information is provided by RNS
The company news service from the London Stock Exchange
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