DP Poland shares rose 4.4% to 6% in late afternoon trading on Friday after the firm announced a like-for-like systems sales increase of 23.5% in June 2022 against June 2021.
The Dominos Pizza Polish arm reported a 55.8% growth in dine-in sales year-on-year, alongside a 9.6% delivery like-for-like system sales rise, despite a resurgence in dine-in sales on the back of easing Covid-19 restrictions.
DP Poland mentioned a total system sales climb of 20.5% in June against the same term the last year, and commented its June 2022 system sales were substantially ahead of pre-Covid levels.
The firm highlighted a like-for-like systems sales growth of 23.1% in June 2022 compared to June 2019, along with a total systems sales increase of 15.1% in the same term.
DP Poland noted a drop in cash to £800,000 at 30 June 2022 against £1.8 million at 31 December 2021, linked to CAPEX for two new store openings, the purchase of six new ovens, 30 new fuel scooters, 50 e-bikes and covering working capital requirements.
The eatery group also confirmed the continued reorganisation of All About Pizza following its proposed acquisition of the company announced on 15 June 2022.
DP Poland said it expected the reorganisation to complete ahead of its previously reported longstop date of 29 July 2022, and would release further updates in the near future.
“I am delighted to see the strong sales performance achieved in the first half of 2022 continuing which is a consequence of our hard work in prior months and investment in customer acquisition,” said DP Poland CEO Piotr Dzierżek.
New executive appointment
The company also welcomed new executive Nils Gornall, who has worked with Dominos Pizza as a store operator in Australia and is set to move to the group’s operations in Poland.
“I welcome Nils Gornall to the company and I am convinced that his outstanding track record, supported with guidance from Andrew Rennie, we can accelerate this growth to the benefit of our customers and shareholders,” said Dzierżek.
Gornall added: “I started my Domino’s career at the age of 15 and had the privilege of running 5 of the 10 best stores in Australia, one of the most successful Domino’s markets globally and the birthplace of Domino’s Pizza Enterprises.”
“My experience in Australia helped to build the success of our Croatian business and my goal is now to transfer those learnings to the Polish market.”
“I’ve now spent a number of weeks on the ground in Poland and I am excited by the opportunity for the Domino’s Pizza brand in the country. I feel confident we will emulate the success of the brand in other markets.”