Home Business NewsPizza Express sales rise in the first half

Pizza Express sales rise in the first half

by LLB Reporter
28th Aug 19 12:57 pm

Pizza Express has reported higher sales in the first half of the year, with sales in the 26 weeks to 30 June rose by 2.6% and like-for-like sales were up by 0.2%.

Underlying earnings for the pizza retailer were down by 7.7% to ยฃ32.4m, due to rising costs in the UK, while total sales were up by 0.5% with a drop of like-for-likes by 0.2%.

Chairman and chief executive Jinlong Wang said, โ€œWe are taking a measured approach to growing our business in the UK and Ireland, and in the first half we opened a net two new sites.

โ€œWe are now planning to focus our capital investment on upgrading our existing estate rather than adding more sites.โ€

Wang added, โ€œThroughout the first half of this year we have continued to invest in our brand proposition, develop new formats and maximise operational efficiencies,โ€ said Mr Wang.

โ€œIn China for example, to appeal to changing consumer demands we recently launched a refreshed menu, reinforcing our differentiated offering and highlighting that pizza is at the very heart of our business.โ€

Leave a Comment

You may also like

CLOSE AD

Sign up to our daily news alerts

[ms-form id=1]