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LONDON (Alliance News) - DP Poland PLC on Tuesday reported growth in sales in the first half of 2016 as it continues to expand its portfolio, while recording its 15th consecutive quarter of double-digit like-for-like growth.
The group, which owns the exclusive rights to develop, operate and sub-franchise Domino's Pizza stores in Poland, said like-for-like system sales in the six months ended June 30 grew by 28% year-on-year, representing its 15th consecutive quarter of double-digit like-for-like growth since the final quarter of 2012.
Total system sales grew by 57% year-on-year, as five new stores were opened and two new cities were added to its geographic portfolio in the period.
System sales are total retail sales including sales from corporate and sub-franchised stores.
DP Poland now operates 28 Domino's Pizza branches in six Polish cities and has so far constructed a further two stores in its second-half pipeline. Its sub-franchisee JAR acquired its first store in April and opened its second store in June, while sub-franchisee HLM acquired its fourth store in July.
"Strong like-for-likes coupled with the better-than-anticipated sales performance of our newer stores delivered robust growth in total system sales. Growth in sales, corporate store earnings before interest, tax, depreciation and amortisation, and commissary contribution underpin our confidence in our accelerated store roll-out programme," Chief Executive Peter Shaw said in a statement.
"Our franchisees are active in growing their store numbers and I anticipate further sub-franchise openings and acquisitions in the near future," he added.
Shares in DP Poland were trading up 9.0% at 44.00 pence on Tuesday morning.
By Karolina Kaminska; karolinakaminska@alliancenews.com @KarolinaAllNews
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