Strong and robust trading in the UK for the quarter to 27th September makes this Domino’s 8th consecutive quarter of double digit, like for like growth and means that full year results are likely to be ahead of expectations. CEO David Wild is delighted with his performance except in Germany, where despite all his best efforts, results continue to be mediocre.
UK 3rd quarter sales rose by 20.7% compared to Q3 2014, helped by a surge of 35% in digital sales revenue, which now makes up 75% of the UK total. UK like for like sales were up by 14.9% The Republic of Ireland also did well with growth of 13.6% ( 14.1% like for like)
For the group as a whole 3rd quarter sales grew by 19.4% and by 15.6% for the year to date.
Germany has always been a problem for Domino’s ever since it got involved there. The CEO says that the results are encouraging but a sales rise of 2.2% looks decidedly off compared to the rest of the group. He has had to admit that Domino’s still has a lot to do there. The question is, when are they going to do it.
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