Domino’s enjoys “acceleration” of store openings

1st August 2023 | Jack Oliver

Domino’s has said it saw a “material acceleration of new store openings”, as it enjoys the benefits of franchisee alignment.

In the pizza chain’s half year results, Domino’s said it had opened 29 new stores with 11 franchise partners, compared to 12 new stores in the first half of 2022 with seven partners.

The chain said its pipeline for new openings is around 70% larger than in 2022, across 30 franchisees.

This comes as Domino’s reports increased revenue for the first half of the financial year, which was up by 19.6% to £332.9m in the 26 weeks ending 25 June.

Domino’s profit after tax was also up from £42.1m in the first half of 2022 to £80.2m in the same period in 2023.

As well as increasing its store estate, the chain said it had made continued digital progress with growth in app customers, and improved its delivery times.

Elias Diaz Sese, interim CEO said: “We have delivered a strong first half of 2023 with continued growth in orders and sales. Thanks to our alignment with our brilliant franchise partners, we have been able to accelerate our progress on the strategic initiatives set out at the beginning of the year, with a significant acceleration in store openings, greater app penetration and material improvements in delivery times.”


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