Dominos Pizza (LON:DOM) shares rose over 7 percent on Thursday morning, after posting significant jumps in both revenue and sales over the course of 2017.
Britain’s biggest pizza delivery company posted a 29.3 percent rise total revenue to £474.6 million, alongside a 15.1 percent rise in group system sales.
System sales in the UK & Ireland rose 9.2 percent, with sales in the UK alone up 8.6 percent. On average, the company sold one pizza every three seconds, reporting a record overall annual sales of 97 million pizzas.
David Wild, Chief Executive Officer, said:
“2017 has been a year of significant progress for Domino’s, despite the weaker consumer demand and cost inflation affecting the sector. Given this backdrop, I am particularly pleased with our performance. In the UK, system sales broke through £1 billion for the first time, helped by a record 95 new store openings.
“We continue to take share in the pizza delivery market, and the investment in our new supply chain centre in Warrington will leave us well placed to meet our ambition to get to at least 1,600 sites. I remain confident in the long term growth potential of the business.”
The group said it had ploughed record investment into UK over the course of the year in order to support long term growth potential.
Shares in Dominos (LON:DOM) are currently trading up 7.42 percent at 341.50 (0827GMT).
