Domino’s Pizza saw profits surpass predictions and shares in the company rose by more than 8% on Tuesday after they served up strong sales figures in the first six months of the year.
In the six months to 25 June, revenues rose by 19.6% which comes after Domino’s Pizza opened 29 more sites.
In the first six months of the year like-for-like system sales rose by 9.7% and the latest quarter there was an 8.2% rise.
Due to continued demand Domino’s saw underlying core profit of between £132 million and £138 million in the year, compared to analysts predictions of £127.6 million.
Elias Diaz Sese, interim chief executive officer, said, “We have delivered a strong first half of 2023 with continued growth in orders and sales.
“Thanks to our alignment with our brilliant franchise partners, we have been able to accelerate our progress on the strategic initiatives set out at the beginning of the year, with a significant acceleration in store openings, greater app penetration and material improvements in delivery times.
“Today’s results are testament to the hard work of our colleagues and franchise partners who have worked relentlessly to ensure nobody delivers like Domino’s.”
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