Domino’s Pizza sees double-digit sales growth in Ireland

Domino’s Pizza has seen double-digit sales growth in the Republic in the year to date. In its third-quarter trading update, Domino’s yesterday said that trading was good in the last three months, building on a very strong first half.

While its core operations are in the UK and Ireland, Domino’s also has a joint-venture business in Germany, a presence in Switzerland and operations in Iceland and Norway (with Sweden due to come on stream later this year).

In the three months to the end of September, sales in the Republic increased 7.6%, on a year-on-year basis, to €14.9m.

In the year to date, sales in Ireland are up by 11%, on an annualised basis, at €45.2m. On a group basis, Domino’s has seen a 15.2% year-on-year growth in sales, this year, to £731.5m (€810m).

“The business continues to trade well with a strong sales uplift across the group during the period,” said chief executive David Wild.

“As highlighted at our interim results in July, we face tough comparatives in the second half of the year, but our continued investment in e-commerce, our international expansion and the launch of our new ‘Italiano’ range taking us to new customers, will help to drive performance for the remainder of the year,” he added.

“Our new store programme provides a strong platform for future growth”, he said, adding that management will give a more detailed update on its long-term plans at a capital markets day next month.