Domino’s boosts profits with 65m pizzas sold
Takeaway pizza company Domino's has reported a jump of 11.6 per cent in profit before tax to £55m, for the year ended 29 December.
The company enjoyed like-for-like sales growth of seven per cent in 670 UK mature stores. The final dividend was hiked 11.4 per cent to 8.8p per share, with the total dividend for the year reaching 15.9p per share up 9.7 per cent.
Chief executive officer David Wild, commented:
It's been another strong year for Domino's and I am particularly delighted by the sales performance in our core UK business, which has continued into 2014, confirming the strength of our offer for both new and existing customers. The recovery in the Republic of Ireland is also pleasing. Whilst we have learnt some hard lessons in Germany, we now have a clear way forward and must focus on the delivery of this change in direction.
In 2013, the group sold 65.5m pizzas and added 1,500 jobs. As of 29 December 2013 Domino's boasted 858 stores in the UK, Republic of Ireland, Germany and Switzerland.
David Wild was appointed interim chief executive of the FTSE 250 company after Lance Batchelor announced plans to leave the company six weeks earlier than expected.