Domino’s positive despite quarterly sales fall

Pizza delivery company Domino’s has stressed it has long-term growth plans for Ireland despite seeing a near 4% sales decline in its Irish operations during the final quarter of 2012.

In a trading update for the 14 weeks to the end of December, Domino’s Pizza Group — which operates the company’s interests in Ireland, Britain, and mainland Europe — said that overall sales grew by 20%, year-on-year, to £174.5m (€214.3m). This was mainly driven by a 5% annualised growth rate in sales in its core UK division, which houses 612 outlets.

In the Republic, however, like-for-like sales during the period fell 3.8%, up on a 0.9% annualised sales fall for the same period of 2011.

As of the end of 2012, Domino’s had a total of 805 stores after seeing a record year for store openings across all of its territories. Only two closures occurred, both trial concepts in Britain. Currently, it operates 48 stores in the Republic and 20 in the North.

However, a spokesperson said yesterday that there are no plans to open any more stores in the Republic this year, but management still sees the Irish market as a candidate for long-term growth.

Chief executive, Lance Batchelor said the group delivered strong results “in a tough trading environment”, with management “excited” by positive signs from German operations, with the group “well-placed for further growth”.

More in this section

Budget 2022 Logo

What impact will this  year's budget have on you and your business.

The Business Hub
Newsletter

News and analysis on business, money and jobs from Munster and beyond by our expert team of business writers.

Sign up
Puzzles logo
IE-logo

Puzzles hub

Visit our brain gym where you will find simple and cryptic crosswords, sudoku puzzles and much more. Updated at midnight every day. PS ... We would love to hear your feedback on the section right HERE.

Lunchtime
News Wrap

A lunchtime summary of content highlights on the Irish Examiner website. Delivered at 1pm each day.

Sign up
Revoiced
Newsletter

Our Covid-free newsletter brings together some of the best bits from irishexaminer.com, as chosen by our editor, direct to your inbox every Monday.

Sign up