DP Poland, which has the exclusive rights to develop, operate and sub-franchise Domino’s Pizza stores in Poland, has reported a step change in its performance, with system sales up 35% to PLN20.4m (£3.6m) in the year to 31 December 2014.
The group, which currently operates 12 corporate stores in Warsaw and Krakow and sub-franchises 6 stores in Warsaw, said it had seen nine consecutive quarters of double digit like-for-like system sales growth.
This strong sales performance continued into January 2015 with the company reporting like-for-like system sales up 18%.
During the year like-for-like system sales (PLN) up 19%, while like-for-like order count also climbed 19%. It said that total stores EBITDA was positive for each month of Q4 2014.
The group’s top three corporate stores averaged £24k EBITDA each in 2014 vs -£12k each in 2013.
It also said that franchisees were reporting growing sales and profitability, while it had “significant new store openings” targeted for 2015
Chief executive Peter Shaw said: “Sustained double digit like-for-like system sales growth coupled with continuing reductions in food and operational costs resulted in significant improvements in store EBITDA performance.
“This transformation in store performance is set to continue in 2015 as we focus on providing our customers with great product, great service and attractive promotions, supported by continuing improvements in food costs.
“We reached a milestone in Q4 2014 with total store EBITDA becoming positive for each month during the quarter. This total includes our newest stores in Krakow as we grow customer numbers and progress towards EBITDA breakeven.
“I am delighted to report that the stores recently acquired by our first franchisees are performing well, exhibiting strong sales growth and generating profitable commissary sales of food and non-food items for DP Polska.”
