Domino's Pizza UK & IRL PLC
24 April 2008
24 April 2008
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, Executive Chairman, will make the following statement:
'I am pleased to report a strong start to the year with system sales in the 16
weeks to 20 April 2008 ahead 21.3% (2007: 24.0%) to £105.3m (2007: £86.8m). In
the same 16 weeks, like-for-like sales in the 450 mature stores (2007: 404
stores) were up 13.3% (2007: 14.6%). This growth was driven by our successful
product and marketing innovations and our continuing focus on improving
operational standards, and in particular, improving the delivery times to our
customers.
E-commerce has continued to show robust growth with an increase of 95.2% to
£15.3m (2007: £7.8m) in the same 16 week period and now comprises 21% of all our
UK delivered sales.
'We are very encouraged by the strong start to the year, but are mindful of the
demanding comparatives over the summer last year driven by the particularly poor
weather. Nevertheless, our eight week sponsorship of Britain's Got Talent on
ITV1 has just commenced and early indications are that viewing figures are
exceeding our expectations having attracted a peak audience of over 10 million
in the first week of the programme and over 11 million in the second week*. A
further eight week sponsorship of America's Got Talent on ITV2 then follows on
in the summer and our brand prominence during these shows should have a positive
impact on our sales over this period. Prospects for 2008 remain good
notwithstanding these demanding comparatives.
'A total of 13 new stores have opened as of today's date (2007:14) and as a
result of having more sites in the pipeline with planning approval than at the
same time last year, we are confident, at this stage, that we are on track to
reach our target of 50 store openings this year.
On 19 February 2008, Domino's announced its intention to move to the Official
List. This process has been proceeding well and is on track for completion on 19
May 2008.
As a result of our strong trading and on-track store openings for the full year,
we anticipate results for the financial year to be ahead of current market
expectations.'
- ends -
* BARB (Broadcasters' Audience Research Board) overnight figures
For further information:
Domino's Pizza
Chris Moore - Chief Executive Officer 01908 580604
Lee Ginsberg - Chief Financial Officer 01908 580611
Numis Securities Limited 020 7260 1000
David Poutney, James Serjeant, Nick Westlake
Altium 020 7484 4040
Ben Thorne
Hogarth 020 7357 9477
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.
As at the 24 April 2008, there are 514 stores in the UK and Ireland. Of these,
408 stores are in England, 39 are in Scotland, 19 are in Wales, 12 are in
Northern Ireland and 36 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, the Domino's Pizza brand 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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Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
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