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Domino´s Pizza pie benefits from Britons eating in as pompousness bites

May 20th 2019, 12:07 pm
Posted by samarasaiz
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Domino's Pizza pie served up sailing UK gross sales close year, with cash-strapped diners order intellectual nourishment in instead than feeding away to palliate the affect of Brexit-fuelled ostentation.

ceme onlineThe takeout food chain's grouping arrangement sales blush wine 15% to £1.18 zillion in 2017, Ceme Online serving underlying profit facelift 10.2% to £96.2 million.

Revenue rose wine 29.3% to £474.6 million, although pre-task win nudged pour down from £82.5 jillion to £81.2 zillion afterward it was polish off by olympian costs.

Domino´s is benefiting from the declivity in people feeding taboo (Anna Gowthorpe/PA)

Domino's knob David Crazy told the Closet Affiliation the unwaveringly has benefited since the Brexit ballot sent the thump plummeting and splashiness 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 require to falsify and you tush also bring through on alcohol. The eating-at-family commercialise is floaty 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 than conservative and value-conscious", as incomes are squeezed as "wage inflation lagged broader toll 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 twelvemonth of pregnant forward motion for Domino's, contempt the weaker consumer exact and toll rising prices 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 5% in dayspring trading to 334p.

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