By M&C Report team2006-11-26T07:59:00+00:00
Domino’s has given more details on its strategic, operational and financial performance following the release of its first half results. While giving an update on the execution of its strategy the importance of driving its collection business was highlighted, something Domino’s sees as providing an incremental growth opportunity. Store openings will continue to be supported by changed franchisee incentives.
Domino’s has delivered a “strong” performance for the first half of 2021, aided by reduced VAT, the Euros, an increase in orders and the chain’s own marketing activity. In the 26 weeks to 27 June 2021, UK and Ireland system sales grew 19.6% to £752.3m. Like-for-like system sales, excluding splits were up 19.3% (18.4% including splits). The chain warned that second half growth would be lower due to scheduled VAT increases.
Domino’s adjusted profit before tax is expected to be up 10% to £52.4m, analyst Peel Hunt has predicted.
Scotland is to move beyond level 0 on 9 August with the legal requirement for physical distancing and limits on gatherings scrapped, however some protective measures will remain in place.
Changes have been made to the NHS COVID-19 App which will result in fewer contacts being advised to self-isolate following a close contact with a positive case.
Covid passports will not be needed to enter pubs, according to the government’s transport secretary Grant Shapps.
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