Domino's Pizza celebrates successful results for first half of 2006
Domino's Pizza UK & IRL plc ("Domino's Pizza"or the "Group"), the UK and
Ireland leader in pizza delivery, announces its results for the twenty-six
weeks ended 2 July 2006.
Highlights
Profit before tax* increased 24.5% to £6.3m (2005: £5.0m). Unadjusted
profit before tax of £6.3m (2005: £5.5m) increased by 13.4%.
Earnings per share*:
- Basic earnings per share up 31.2% to 9.18p (2005: 7.00p)
- Diluted earnings per share up 27.7% to 8.77p (2005: 6.87p).
Interim dividend increased 33.9% to 4.15p per share (2005: 3.10p).
21 new stores opened in the period (2005: 23 stores). No stores were
closed (2005: nil) resulting in a total of 428 stores at the period end
(2005: 380 stores).
Like-for-like sales in 357 mature stores up 8.3% (2005: 8.4% in 317
stores). System sales increased 18.3% to £114.8m (2005: £97.1m).
E-commerce sales up 46.9% to £9.6m (2005: £6.5m). E-commerce now
represents 12.3% of our delivered pizza sales in the UK.
Cash at bank and in hand of £8.6m (2005: £8.5m).
* Before 2005 accelerated LTIP charge of £0.3m and exceptional profit on
sale of corporate stores of £0.8m.
Stephen Hemsley, Chief Executive of Domino's Pizza UK & IRL plc, commented:
"The focus of your Group in the first twenty-six weeks of 2006 has continued
to be the roll-out of the Domino's Pizza system in the UK and Ireland. This
has seen us further extend our market leadership in the fast-growing pizza
delivery segment both in terms of the number of stores and total system
sales. Five of the top ten most successful Domino's Pizza stores in the
world, as measured by system sales performance, are now within the markets
we manage.
"Like-for-like sales in the 357 mature stores grew by 8.3% and e-commerce
channels continue to perform very well. The strong cash generation of your
Group, and the anticipated completion of a capital re-organisation, should
allow for further share buybacks in the second half. We are confident that
earnings will meet market expectations for the year."
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