Domino’s to open 200 new locations
Domino’s Pizza (LON:DOM) announced “exceptional” sales in Q1 as continued lockdowns caused sales of pizza to push higher.
In the UK and Ireland the FTSE 250 company’s sales rose 18.7% to £371.3m in the quarter ending in March.
Just last month the company confirmed plans to open 200 new locations as part of an effort to bring the company’s sales to £1.9bn.
Commenting on trading, Dominic Paul, chief executive said:
“We are pleased with the strong performance of the business in the first quarter of the year. The investments we are making to deliver our multi-year strategic plan give us confidence in our ability to capitalise on the opportunities which lie ahead as the nation begins to emerge from the Covid-19 lockdown restrictions.”
“With management focused on our core UK & Ireland business, we are working to fulfil our vision of being the UK & Ireland’s favourite food delivery and collection business. I look forward to sharing an update on our progress at our half year results.”
Domino’s next scheduled announcement will be its half year results on 3 August 2021.
Domino’s Pizza and Nuro, a Silicon Valley startup, said this month that they will launch a robotic pizza delivery service in Houston as they seek to satisfy increasing online orders during the pandemic.
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