Domino’s sales hit £374m in Q3
The fast food chain said that some “key” initiative helped to drive trading, such as reducing average delivery times by one minute and thanks to its established app customer base of 9.5m customers
Domino’s has announced that total sales were up 3% to £374.8m during the 13 weeks to 29 September.
Total orders in Q3 were also up 3.5% on a comparable basis to 17.4m and up 4.3% on a reported basis.
The group said that delivery orders continued their “strong” momentum and were up 6.6% on a comparable basis to 11.1m. The result was driven by “intense” focus on customer service and improved delivery times. Meanwhile, collection orders were down 1.5% to 6.3m.
The fast food chain said that some “key” initiatives helped to drive trading, such as reducing average delivery times by one minute and thanks to its established app customer base of 9.5m customers, up 5% since last year.
In 2024 Domino’s opened 34 new stores with 20 different franchise partners and now expects to open 50 to 60 further stores.
In Q4 the group said that total orders continue to have “positive” momentum, and are up 5.8% in the first five weeks on a comparable basis. Underlying EBITDA is now expected to be in the range of £142.4m to £144.7m.
Andrew Rennie, chief executive officer, said: “We’ve got great momentum in the business which reflects the intense focus from all of us at Domino’s and our brilliant franchise partners on driving growth in delivery orders, our biggest sales channel. We’re focused on growing our like-for-like sales in a sustainable way, primarily driven by order growth and not pricing, meaning lower ticket prices for customers and sustainable like-for-like sales growth driven by volume.
“In an uncertain environment we are well placed to continue our strategic progress due to the strength of the Domino’s brand and system. We continue to assess additional value-enhancing opportunities to build a larger, more cash-generative business which delivers strong and consistent returns.”
