Domino’s in line to open a record 90 stores in the UK this year

Domino's

Domino’s Pizza is on course to open what will be a record 90 stores this year, as it revealed it crossed the 1,000th mark for the first time within the last three months.

Bosses at the firm said that demand for delivered food in the UK continued to be strong despite the uncertain consumer environment.

UK and Ireland system sales were up 12% in the third quarter, supported by the record store opening programme and a recovery in like-for-like sales.

It opened 18 new UK stores in the period, taking the 2017 total to 58.

Domino’s said it is “confident” of reaching its 90 unit opening target for the full year, and already has good visibility of the pipeline into Q1 of next year. At the end of the quarter it was trading from 1,008 stores.

Online participation continued to grow, supported by its ongoing investment in digital platforms. Online sales were up 17% and now represent 75% of UK sales. It also began the roll-out of GPS, with 64 stores active at the period end and over 200 due to be operational by the end of the year.

The company said that despite the continued uncertainty affecting the UK, it is investing in growth and the customer proposition for the long term.

It now expects full-year CAPEX to be at the lower end of the £50-60m range, and it anticipates full-year underlying profit before tax at least in line with current market expectations.

CEO David Wild said: “We expect to launch a record 90 stores in the UK this year, with an encouraging pipeline already in place for openings in early 2018. More recently, we have seen a real surge in digital engagement, with our new advertising campaign, ‘The Official Food of Everything’, driving a record 200,000 online orders – or 140 a minute – on the last Saturday in September.”

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