Domino's Pizza Inc logo

DPZ - Domino's Pizza Inc News Story

$432.47 2.4  0.6%

Last Trade - 07/05/21

Sector
Consumer Cyclicals
Size
Large Cap
Market Cap £12.02bn
Enterprise Value £14.68bn
Revenue £3.03bn
Position in Universe 686th / 6858

UPDATE 1-Pizza deliveries in UK boost Domino's quarterly sales

Thu 22nd April, 2021 7:48am
(Adds details on results, CEO comment, background)
    April 22 (Reuters) - Domino's Pizza Group  DOM.L  reported
higher first-quarter sales on Thursday, as repeated
coronavirus-led lockdowns pushed up pizza delivery orders.
    The company, a franchise of U.S.-based Domino's Pizza Inc
 DPZ.N , said system sales in UK and Ireland were up 18.7%
compared with the first quarter of last year, which was
unaffected by the impact of the COVID-19 pandemic.
    Through 2020, the virus outbreak sparked greater demand for
takeaways and comfort food, as people spent more time at home. 
    However, in the United States, where coronavirus-related
restrictions were eased months ago, Domino's and rival Papa
John's  PZZA.O  have reported a slowdown in quarterly same-store
sales as customers opted to dine out.  urn:newsml:reuters.com:*:nL4N2KV3T0
    The United Kingdom has only just started easing restrictions
from its latest lockdown, and Domino's expects its investments
to drive growth as the country reopens, the company's Chief
Executive Officer Dominic Paul said.
    For the reported quarter, Domino's said a 6.8% growth in its
pizza delivery business offset lower sales at its
lockdown-impacted outlets, which traded at 65% of 2019 levels.
    The company reported system sales in UK & Ireland of 371.3
million pounds ($517 million) for the 13 weeks ended March 28,
2021.

 (Reporting by Vishwadha Chander in Bengaluru; Editing by
Shailesh Kuber and Shounak Dasgupta)
 ((Vishwadha.Chander@thomsonreuters.com; within U.S. +1 646 223
8780, outside U.S. +91 80 6749 6132))
© Stockopedia 2021, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.