Dominos reports ‘strong’ Q3 performance

Pizza chain Dominos has reported a “strong” Q3 sales performance with revenues of £342.1m, up from £288.2m the previous year.

During the 13 week period ending 27 September, Dominos said that despite Covid-19 restrictions which ceased all collection orders, deliveries increased 11.8% year-on-year bringing in £12.4m in online orders.

The company also said that the changes to the UK VAT rate from 20% to 5% in July helped it mitigate costs and enable savings to be passed on to customers.

Dominos also reported that 5,000 new jobs were created and over 1,000 work placements supporting the UK Government’s Kickstart scheme this year.

Looking to the next fiscal year Dominos said if no other “significant factors” change in terms of operations and underlying costs, the corporation expects to report “strong profits ranging from £93m to £98m, in line with market consensus.”

Dominic Paul, CEO of Dominos, said: “I am pleased to report a strong performance in Q3. I am delighted by the agility the group and our franchisees have demonstrated in order to maintain our momentum.

“It is a privilege to stay open and serve our local communities, and we are confident that we have operational plans in place to adapt to different levels of lockdown that may arise in the coming months.”