Trading Statement - 08 Jan 14

Trading Update


United Kingdom

Domino's is pleased to announce that trading has been particularly strong in the period buoyed by exceptional like-for-like sales growth. System sales for the period were up 15.6% to £170.4m (2012*: £147.4m). Like-for-like sales in the period in 670 UK mature stores were up by 10.9% (2012*: 4.5% in 613 mature stores) partly driven by increased digital marketing activity and more favourable timing of the Christmas break compared to last year.

System sales for the 52 weeks ended 29 December 2013 increased by 12.2% to £608.8m (2012*: £542.8m). Like-for-like sales for the year, in UK stores, grew by 7.0% (2012*: 5.2%).

Online sales continue to grow and accounted for 65.5% of UK delivered sales (2012*: 60.8%) in the period. Total online sales for the period rose by 15.7% to £94.4m (2012*: £81.6m) and online sales for the year were £325.9m (2012*: £256.0m). Mobile sales were up by 91% in the period (2012*: 187%) and accounted for 30.9% of total online sales in the year (2012*: 19.7%).

During the period, Domino's opened 27 new stores in the UK (2012*: 25) with 50 new stores (42 traditional delivery stores, six kiosk stores in Extra motorway service stations, one kiosk in Newcastle University and one mobile unit) opened this year (2012*: 57). At the period end, Domino's had a total of 777 stores in the UK (2012*: 727). During the year no stores closed (2012*: 2).


more..

that must be the first time ever that DOM has risen on results - it usually bombs

Final Results

Financial Highlights

· System sales1 increased by 14.0% to £668.8m (20122: £586.5m)

· Profit before tax3, including Germany and Switzerland, of £47.6m, up 1.9% (2012: £46.7m)

· Profit before tax3, excluding Germany and Switzerland, increased 11.6% to £55.2m (2012: £49.5m)

· Adjusted diluted earnings per share, excluding Germany and Switzerland up 10.3% to 25.6p (2012: 23.2p)

· Like-for-like sales4 growth of 7.0% in 670 UK mature stores (20122: 5.2% in 612 mature stores)

· Earnings per share (pre-exceptional items):

o Diluted earnings per share up 8.6% to 23.9p (2012: 22.0p)

o Basic earnings per share up 8.1% to 24.0p (2012: 22.2p)

· Statutory basic earnings per share 10.7p (2012: 19.0p)



· Pre-tax exceptional costs of £27.5m of which £26.5m relates to impairments and other exceptional charges within our German business



· Final dividend increased by 11.4% to 8.80p per share (2012: 7.90p) bringing the total dividend for the year to 15.90p per share up 9.7% (2012: 14.50p)

· 57 new stores opened in the period (2012: 69 stores) with four closures (2012: two) resulting in a total of 858 stores in four countries as at 29 December 2013

· Online system sales increased by 28.2% to £338.0m (20122: £263.7m) with online sales accounting for 61.5% of UK delivered sales (20122: 56.1 %). Of this, 30.9% of online orders were taken through a mobile device (20122: 19.7%)

· Strong balance sheet with adjusted net debt5 to EBITDA3 of 0.3:1 (2012: 0.5:1)


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27 Mar 2014 Domino's Pizza... DOM Numis Buy 538.50 546.00 710.00 710.00 Reiterates

SP Target 710p

funny old share this one
i used to follow and trade it for quite a long time, but as the chart shows, it has rather stagnated

i am now of the opinion that RTN is a better bet, though DOM may well present a decent short-term trade at some point

Bang on uptrend line.

Get it bought cyners.

really?
expecting bounce off 25 dma or is there something else i don't see? ..... ah yes, my eye can follow the support line you mean



by the way, where would you recommend to eat in naples?
i'm staying near the ferry terminal or whatever its called

Cynic,

Naples im based in St Pauls Malta.

If you want to get their......

Naples to Valetta,

taking a ferry from Naples to Catania, then another ferry from Catania to Valetta, then onto St Pauls over land.

i have good reasons to go to malta as have been developing a couple of clients there
hope you're not just using malta as a tax haven - what a terrible thought :-)

i jut thought you said you'd been to naples loads of times; hence the question

I meant to say Malta, apologies cynic.

ps Cyners by the way just your type of trade on chart thread tonight, CFD or S Bet.

JDW looks to have run away, and confess i have not tracked it in the past
may have a look/dabble in DOM before i whizz off for a very full day's work (i know they'll soften it a bit) in a michelin-star restaurant kitchen

I meant Royal Mail.

not one i follow at all, but in that case why mention it on DOM thread!!??

Interim Management Statement

Quarter One Trading Statement
13 weeks to 30 March 2014


Domino's Pizza Group plc ("Domino's" or "the Group"), the leading pizza delivery group with stores in the UK, Germany, Republic of Ireland and Switzerland, announces its Trading Statement covering the 13 week period to 30 March 2014 ("the period") unless otherwise stated.

The Group has made a strong start to the year with system sales rising by 14.8% to £188.5m (2013: £164.1m), largely driven by strong like-for-like sales growth in the first part of the quarter. Like-for-like sales in the UK in 725 mature stores increased by 10.8% (2013: 6.6% in 670 mature stores) thanks in part to our most successful meal deal ever offered - the Winter Survival Deal - and some weaker comparative figures due to the impact of snow in the early weeks of the same period last year. In addition, like-for-like sales, in Euros, in the Republic of Ireland remained in positive territory, rising by 3.4% (2013: 8.1%) in the period.

The proportion of sales taken via e-commerce continues to grow with 69.4% of all UK delivered sales (2013: 61.9% of UK delivered sales) now coming via the internet. Sales taken through all online platforms were up 25% to £103m (2013: £82.4m) and, of this, 34% was taken through mobile devices (2013: 25.2%).

In the German market the Group continues to implement its plan focused on establishing successful store level economics. Like-for-like sales, in Euros, in 17 mature stores (2013: 6 mature stores) were up by 3.2% (2013: 40.3%). In Switzerland, like-for-like sales, in Swiss Francs, in the 10 mature stores were up by 1.8% in the period.

Solid results.

i post the 5-year chart below showing just 200 dma ..... what's interesting is that generally, sp spends little time below this mark, and it has just crept back up through it after a period below of several months

a bit of a gamble and have bought a few, though i think it's a good sector with the economy recovering (see RTN)

good info says that the top end restaurants, and those at this sort of level are now doing really well; middle rank with rather o'priced "ok" food continue to struggle .... if we have a decent summer, it won't do any harm either