The chief financial officer of Domino’s Pizza has said the delivery chain will exceed its 2009 store opening target because of the ever growing number of pub closures.
The company, which yesterday said its like-for-like sales were up by 10%, opened 52 outlets in 2008 and now has 553 sites in the UK and Ireland.
Domino’s total sales increased by 18.4% to £350.8m
Its chief financial officer, Lee Ginsberg, told Reuters: “Given the strong demand from franchisees to grow and the opportunities from the pub fallout and one or two sectoral issues, we could possibly do more than that.”
Altium Securities recommended Domino’s in a note published yesterday and upgraded its FY2009 estimates by 9% over last year.
Analyst Wayne Brown said the results were, “ all the more impressive when set against the very strong comparative period.”
