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Domino's Pizza reports 'strong' Q1 as growth in deliveries offsets lower collections

StockMarketWire.com

Pizza chain Domino's Pizza reported a 'strong' first quarter with sales in its delivery business more than offsetting the lower sales from its -impacted collection business.

UK & Ireland system sales were up 18.7% to £371.3 million in the first quarter of the year, which was largely unaffected by the impact of Covid-19.

Like-for-like system sales, excluding splits, were up 18.5%.

Delivery growth was 6.8% in the quarter with collection reporting some recovery, now trading at 65% of 2019 levels.

The sale of the company's discontinued businesses in Sweden and Iceland is expected to be completed by the end of May.

The half year results is expected on 3 August 2021.





Story provided by StockMarketWire.com