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Domino’s Pizza continue to impress with soaring sales

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Domino’s Pizza continue to impress with soaring sales

Pizza delivery chain Domino’s (LON:DOM) reported yet another strong quarter on Thursday, with sales at the chain continuing to rise.

Group system sales rose 18.3 percent to £311.1 million, up from £236 million in the same period last year. In the UK, system sales rose 10.6 percent, with like-for-like performance sales growth of 7 percent with strong like-for-like order growth of 6.7 percent.

System sales in the Republic of Ireland were up 5.2 percent on a constant currency basis, with international sales rose 17.6 percent.

The group also continued to open stores at a lightening rate during the first three months of the year, opening 11 new stores including nine in the UK. The group has plans to open between 65 and 75 UK stores during 2018.

“In the UK, customers are responding very positively to our clearer value proposition, with strong scores for value for money and overall satisfaction,” said David Wild, Chief Executive Officer.

“We have also made excellent operational progress, with the rapid roll-out of GPS continuing. I am encouraged by our international operations, which are gaining scale as more customers grow to love our great tasting pizzas.:

Shares on the London market are currently up 5.20 percent at 363.9 0(0808GMT).