Interim Results for the 26 Weeks Ended 28 June 2015

28 Jul 2015

Domino’s Pizza Group plc (“Domino’s”, “DPG”, the “Company” or the “Group”), the leading pizza company, announces its results for the 26 weeks ended 28 June 2015.

Financial Highlights 26 Weeks Ending
28 June 2015
26 Weeks Ending
29 June 2014
System Sales 1 £426.7m £375.0m +14%
UK Like-for-Like Sales 2 £378.8m £343.4m +10%
Underlying 3 Operating profit £32.1m £24.7m +30%
Underlying Basic EPS 15.3p 11.6p +32%
Net cash/(debt) balance £19.2m £(3.7)m +£22.9m
Interim Dividend per share 9.00p 7.81p +15%
Statutory Revenue 4 £157.3m £145.6m +7%
Statutory Profit After Tax £25.4m £19.7m +29%


  • UK market continues to underpin growth with another half of double-digit LFL sales
  • Successful new opening store programme
    • 21 (2014: 8) stores opened in the period
    • System sales per store almost 12% ahead
  • Continued success of digital investment programmes in the UK
    • e-commerce system sales ahead by 24.4%
    • App based sales now represents the largest distribution channel driving 51.6% of online sales
  • Significant increase in franchisee profitability
    • EBITDA performance up from 12.9% to 15.1% 5
  • Improving performances in international businesses
    • Economic recovery and operational improvements in ROI
    • Losses in Germany narrowed from £4.7m to £1.8m
    • New corporate stores opened in Switzerland
  • Group underlying operating profit and EPS up by 30%
  • Strong cash flow and cash conversion – net cash of £19.2m

Commenting on the results, Chief Executive Officer David Wild, said:

“We’ve had a strong first half, driven by an excellent performance in our core UK business, which has again recorded double digit like-for-like sales growth. Our international operations have also shown improvements compared to last year.

Our success in the UK is a result of the investment we have made in market-leading e-commerce initiatives. Our App has now been downloaded over 10 million times and our App sales have overtaken desktop sales for the first time.

The 21 new stores opened in the period are performing better than ever. Our roll out is well supported by our franchisees, who are benefiting from increased profitability and are seeing a good reaction from the UK consumer to our bundle deals and other initiatives.

Whilst we are pleased with our performance in the first half, we face tougher comparators in the rest of the year. We have a continued programme of e-commerce initiatives and other marketing campaigns. The UK new store pipeline is solid and we are well-positioned for the future.”

For further information, please contact:

Domino’s Pizza:
David Wild, Chief Executive Officer
020 3128 8100

Paul Doughty, Chief Financial Officer
020 3128 8100

MHP Communications:
Tim McCall, Simon Hockridge, Naomi Lane
020 3128 8100

Numis Securities Limited
David Poutney, James Serjeant
020 7260 1000

A presentation to analysts will be held at 09.30 on 28 July 2015 at Numis Securities Ltd, The London Stock Exchange Building, 10 Paternoster Square, London EC4M 7LT.

Notes to Editors:
Domino’s Pizza Group plc is the leading player in the fast-growing pizza market and holds the exclusive master franchise to own, operate and franchise Domino’s Pizza stores in the UK, Republic of Ireland, Germany, Switzerland, Liechtenstein and Luxembourg. The first UK store opened in Luton in 1985 and the first Irish store opened in 1991. In April 2011, the Group acquired a majority stake in the exclusive master franchise to own, operate and franchise Domino’s Pizza stores in Germany (now fully owned). In September 2012, the Group acquired the master franchise for Switzerland, Luxembourg and Liechtenstein.

1 System sales represent the sum of all sales made by both Franchisee and Corporate stores in the United Kingdom, Republic of Ireland, Germany and Switzerland to consumers
2 Like-for-like sales are defined as sales from stores that were opened before 29 December 2013, compared to the corresponding 26 week period in 2014
3 Underlying is defined as excluding amounts in relation to onerous leases, impairments, acquisition of joint ventures, associates and subsidiaries, and other restructuring and one-off items, as reconciled on the income statement
4 Statutory revenues represent revenues directly attributable to DPG being derived from monies paid by Franchisees for foodstuffs together with royalty payments for use of the Domino’s brand, rental income from freehold and leasehold property and corporate store sales in Germany and Switzerland
5 Franchisee data submissions to end of June 2015 based on stores opened before 31 December 2013

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