Domino’s Pizza Poland has reported 11 consecutive quarters of double digit like-for-like system sales growth, with system sales up 23.3% in its first half underpinned by continued improvement in store EBITDA performance.
The company, which announced last month that it is to raise £5.5m to fund the opening of 20 news stores with an eventual goal of growing to up to 300 stores in the country, saw total system sales reach PLN 11.4m (£1.93m).
DP Poland, through its wholly owned subsidiary DP Polska S.A., has the exclusive right to develop, operate and sub-franchise Domino’s Pizza stores in Poland. It currently operates 12 corporate stores in Warsaw and Krakow and sub-franchises six stores in Warsaw.
Like-for-like system sales (PLN) in the first half were up 15.8%, while like-for-like gross profit (PLN) increased 27.1% and like-for-like order count rose 15.1%.
It said that total stores EBITDA was positive for each month January - June 2015, with its top three corporate stores averaging +£26k EBITDA each in H1 2015 vs +£7.5k each in H1 2014.
The company said it had “significant” new store openings in the pipeline for Q4 2015.
Peter Shaw, chief executive of DP Poland, said: “Total system sales were up 23.3% in the first half of 2015 and we saw continued double digit like-for-like store growth in system sales, order count and gross profit.
“Store EBITDA continues to improve with our top 3 stores delivering an average of +£26k in the first half of 2015, compared to +£7.5k in the first half of 2014. We are well advanced in site negotiations and store construction for expansion into new cities in Q4 2015.”
