Domino's Pizza Group PLC Capital Markets Day and Trading Update (0002Q)
November 24 2016 - 2:00AM
UK Regulatory
TIDMDOM
RNS Number : 0002Q
Domino's Pizza Group PLC
24 November 2016
Domino's Pizza Group Plc
24 November 2016
Capital Markets Day and Trading Update
Domino's Pizza Group Plc (the "Company" or the "Group") is
holding a Capital Markets event today in London. With presentations
from Chief Executive David Wild, and a number of the senior
leadership team, the event will include updates on the Group's UK
and international strategy along with news about the latest product
and tech innovations.
Presentations will take place from 13.30 - 16.30 GMT. A webcast
of the presentations will be available by the end of the day on
http://corporate.dominos.co.uk/.
The Company confirms that, given the continued strong new store
performance and positive outlook both for its market and the
Domino's brand, it is increasing its long term target for the UK to
1,600 stores. It expects to operate around 950 by the end of 2016.
This reflects the successful strategy of splitting territories to
improve efficiency and service to customers by shortening drive
times, which leads to higher sales for both DPG and
franchisees.
Outside the UK, the company has identified opportunities for a
total of 400 stores, up from around 100 at the end of 2016. This
excludes the German JV.
Commenting on today's announcement David Wild, Chief Executive
of Domino's, said:
"This is an exciting time for DPG. Our continued strong
e-Commerce performance and our collaboration with our dedicated
franchisees, enable us to increase our UK presence significantly.
Internationally, our progress in Switzerland and new collaborations
in the Nordic region are exciting opportunities for the
business."
The group continues to trade well and PBT guidance for 2016
remains unchanged. Re-phasing of the new Supply Chain Centre
projects mean that Capex will be around GBP20m compared to the
GBP33m indicated at the half year. This will not affect our ability
to meet demand over the next 18 months. We remain committed to the
return of surplus cash to shareholders through buy-back, but have
paused the process in recent weeks because of an issue we are
resolving.
The Group will next update the market in March 2017 with full
year results for the financial year ending December 2016.
ENDS
Enquiries:
Domino's Pizza Group plc
David Wild, Chief Executive Officer
020 7379 5151
Maitland
James Devas, Robbie Hynes
020 7379 5151
Notes to Editors:
Domino's Pizza Group plc is the leading player in the
fast-growing pizza market holding the exclusive master franchise to
own, operate and franchise Domino's Pizza stores in the UK,
Republic of Ireland, Switzerland, Liechtenstein and Luxembourg.
Additionally it owns a strategic stakes in the largest pizza
delivery business in Germany and in the holders of the Domino's
master franchises in Iceland, Norway and Sweden. The first UK store
opened in Luton in 1985 and the first Irish store opened in
1991.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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