Business
Q1 Trading Statement
Q1 Trading Statement.
About this update from Domino's Pizza Group Plc
[{"type":"text","content":"\n \nRNS Number : 1015Y Domino's Pizza Group PLC 07 May 2019 \n\n \nDomino's Pizza Group Plc\nLEI: 213800Q6ZKHAOV48JL75 \n7 May 2019\n \nQ1 Trading Statement\nRobust UK performance; International remains disappointing \n \n\n\n\n\n\n\n13 weeks to \n31 March 2019\n\n\n13 weeks to \n1 April 2018\n\n\nChange % reported\n\n\nChange % organic1\n\n\n\n\nGroup system sales (£m)\n\n\n£324.4m\n\n\n£311.1m\n\n\n4.3%\n\n\n4.5%\n\n\n\n\nUK & ROI system sales (£m)\n\n\n£299.3m\n\n\n£285.5m\n\n\n4.8%\n\n\n4.8%\n\n\n\n\n- UK LFL sales growth\n\n\n3.1%\n\n\n-\n\n\n-\n\n\n-\n\n\n\n\n- ROI LFL sales growth\n\n\n6.8%\n\n\n-\n\n\n-\n\n\n-\n\n\n\n\nInternational system sales (£m)\n \n\n\n£25.1m\n\n\n£25.6m\n\n\n-2.0%\n\n\n1.1%\n\n\n\n \nQ1 performance:\n· Group system sales up 4.5%\n· UK & ROI performing well; system sales growth 4.8%\no UK system sales up 4.7%; LFL sales up 3.1%; online sales up 8.5%\no ROI system sales up 7.4%; LFL sales up 6.8%; online sales up 18.5%\n· 11 stores opened year to date, of which 7 in the UK, taking the Group total to 1271\n· Warrington supply chain centre now serving 449 stores\n· International: weak system sales performance and Q1 operating result below last year; we no longer expect a break-even out-turn this year\n \nDavid Wild, Chief Executive Officer, said:\n \n\"With continued like-for-like growth, the year has started well across our core UK and Republic of Ireland markets, which account for 90% of our business. Our digital expertise remains a key driver of customer engagement, with online accounting for a record 81.7% of total sales in the UK. We remain in open and ongoing dialogue with our UK franchisees, actively exploring win-win solutions for stimulating growth and new store openings. \n \nInternationally, performance remains disappointing and trading visibility is limited. As we outlined at the full year results, we have new management in Norway, Sweden and Switzerland, and a heightened focus on store level performance. However, given persistently weak system sales in all our International markets we no longer expect this part of our business to break-even ...