Dominio’s Pizza Group has reported life for like sales growth of 4.8%, for the 52 weeks to 24 December 2017.

Total revenue was £474.6m - up 29.3% year on year – while total profit after tax on continuing operations was £66.8m.

Group system sales were £1,179.6m, up 15.1%, breaking the billion-pound mark for the first time.

Domino’s opened 95 new UK stores in the full year, with 65-75 UK store openings expected in 2018.

UK system sales in the first eight weeks of 2018 are up 7.1% like-for-like.

David Wild, chief executive, said: “2017 has been a year of significant progress for Domino’s, despite the weaker consumer demand and cost inflation affecting the sector.

“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.

“We also took action to improve value for customers, and this led to improved growth in H2, benefiting shareholders and franchisees alike.”

He added: “The market continues to be competitive but the strength of our brand and scale, combined with the expertise of our franchisees, are important competitive advantages in delivering quality, convenience and value to customers.

“We continue to take share in the pizza delivery market, and the investment in our new supply chain centre in Warrington will leave us well placed to meet our ambition to get to at least 1,600 sites. I remain confident in the long term growth potential of the business.”