By M&C Report team2006-11-19T08:47:00+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.
Yum! Brands – owner of KFC, Pizza Hut and Taco Bell - has reported strong Q2 growth, with KFC UK’s system sales rising 248% compared with the previous year, when many of its stores were shut due to the pandemic.
Simon Wilkinson pauses, briefly; thinking carefully about his next answer. The Byron CEO is reflecting on what has been a particularly strenuous year and a half, involving administration, a pre-pack deal, and the closure of more than half the group’s estate. The question: ‘Did he ever fear this was the end for the better burger brand?’
Individual Restaurants has announced it is to close four sites within its 28-strong estate.
Boparan Restaurant Group’s new Restaurant Hub concept will look to capitalise on the residential delivery catchment of its Sainsbury’s location, and make its brands more part of customers’ everyday lives, MD Satnam Leihal has told MCA.
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