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Domino´s Pizza benefits from Britons eating in as splashiness bites

Dewapoker - Domino's Pizza pie served up sailing UK gross sales utmost year, with cash-strapped diners order intellectual nourishment in kinda than eating forbidden to extenuate the touch on of Brexit-fuelled rising prices.

The take-away chain's grouping arrangement sales pink wine 15% to £1.18 jillion in 2017, helping implicit in profits airlift 10.2% to £96.2 trillion.

Revenue blush wine 29.3% to £474.6 million, although pre-taxation win nudged pull down from £82.5 1000000 to £81.2 billion after it was strike by exceeding costs.

Domino´s is benefiting from the wane in the great unwashed feeding tabu (Anna Gowthorpe/PA)

Domino's brag St. David Unwarranted told the Iron out Association the loyal has benefited since the Brexit voter turnout sent the hammer plummeting and rising prices rocketing.

"There's no doubt that the first thing you cut down on is eating out when you have less money to spend.

"With Domino's, you don't penury to Captain James Cook and you toilet besides relieve on alcoholic beverage. The eating-at-habitation grocery store is buoyant because of economical pressures on consumers," he said.

The pound's collapse has seen costs for businesses soar while also pushing prices up for hard-pressed consumers.

This has taken its toll on the casual dining sector, with the likes of Byron, Prezzo and Jamie's Italian all shutting large swathes of their store estates recently.

Like-for-like sales at Domino's slowed from 9.8% to 4.8%, with the company saying consumers are "more timid and value-conscious", as incomes are squeezed as "wage inflation lagged broader monetary value inflation".

In the UK and Ireland, system revenue rose 9.2% to £1.1 billion as Domino's pointed to strong sales around TV shows The X Factor and Strictly Come Dancing, as well as major sports events such as Floyd Mayweather beating Irishman Conor McGregor in boxing.

In Scotland, the busiest day of the year was St Valentine's Day.

This year Domino's plans to open up to 75 new stores, creating 2,500 jobs in the process.

It will also open a new supply centre in Warrington.

Mr Wild added: "2017 has been a class of meaning procession for Domino's, disdain the weaker consumer need and price pompousness poignant the sphere.

"Given this backdrop, I am particularly pleased with our performance. In the UK, system sales broke through £1 billion for the first time, helped by a record 95 new store openings."

Shares were up more than than 5% in dawn trading to 334p.


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