Business
Q3 Trading Statement
Q3 Trading Statement.
About this update from Domino's Pizza Group Plc
[{"type":"text","content":"\n \n \n \n \n \n 10 November 2022 LEI: 213800Q6ZKHAOV48JL75\n \n \n \n This announcement contains Inside Information\n \n \n \n \n \n \n \n Domino's Pizza Group PLC (\"DPG\") - Trading statement\n \n \n \n \n \n \nContinued market share gains and strong start to Q4\n \n \n \n \n Domino's will roll out on Just Eat in the UK and Ireland following very successful trial\n \n \n \n \n 20m share buyback announced\n \n \n \n \n Further shareholder returns expected in FY23 following German disposal\n \n \n \n \n Strategic highlights\n \n \n \n ·\n Continued to gain UK takeaway market share1, which rose to 7.2% in Q3 222 from 6.4% in Q3 212\n \n \n ·\n Domino's to be rolled out on Just Eat nationally following a very successful trial\n \n \n ·\n Trial has delivered incremental orders and customers\n \n \n ·\n Full roll out expected to be completed by the end of 2022\n \n \n ·\n Put option exercised over German associate investment\n \n \n ·\n Cash proceeds of c.£80m - £90m3 expected to be received in H1 23 and to be flowed through the capital allocation framework\n \n \n ·\n As a result of strong recent momentum and confidence in the future, new £20m share buyback programme, effective immediately, in line with capital allocation framework and commitment to distribute surplus capital to shareholders\n \n \n ·\n 21 new stores opened this year, a further c.70 stores to be opened by the end of FY23\n \n \n \n Q3 trading highlights\n \n \n \n ·\n Q3 22 like-for-like system sales (excluding splits and the change in the VAT rate) +2.4% (+0.9% in Q2 22)\n \n \n ·\n Q3 22 total system sales +19.6% compared with the same period in 2019\n \n \n ·\n Total orders year-to-date +0.7%, Q3 22 total orders down 1.9% due to a tough comparator\n \n \n ·\n Delivery down 12.7% driven by a tough comparator\n \n \n ·\n Collections up 28.1%, reflecting strategic focus on this channel, 5.1ppts above 2019 levels\n \n \n ·\n FY22 EBITDA expected to be in the range of £125m - £135m,4 in line with current market expectations\n \n \n \n Current trading\n \n \n \n ·\n Strong start to Q4 222 with like-for-like system sales (excluding splits and the change in the VAT rate) +10.4% in the first 6 weeks and total orders +2.6%\n \n \n ·\n Performance driven by strong national value campaigns, operational service excellence, growth in col...