Domino's sees pizza sales surge but profits fall
By Matt Hall | 11th August 2020
Pizza delivery and takeaway company Domino's has reported a sales surge through lockdown, but a drop-in profit due to higher operating costs.
The business has released its interim results today, revealing a 5.5 per cent increase in revenues to £628.9 million in the 26 weeks to June 28.
However, data also shows that profits fell by 4.6 per cent to £47.6 million.
Dominos blames the fall in profits predominantly on increased costs, adding that they had paid out £3.4 million for personal protective equipment in line with government legislation.
The statement also mentions how Domino's continues to be digitally led, with UK online sales up 15 per cent for the period and app sales up 19 per cent. UK online sales now account for 93 per cent of delivery sales.
Dominic Paul, chief executive officer said: "I am pleased to report a resilient first half performance. Throughout these unprecedented times we have focused on doing the right thing for our customers, colleagues, franchisees and communities.
"We view it as a privilege to have been able to stay open throughout the period. I have been hugely impressed by the hard work, dedication and agility of our colleagues and our franchisee partners to keep Domino's delivering, and I would like to say a big thank you to the entire team."
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