DP Poland posts rise in first-half sales

(ShareCast News) - DP Poland, which has the right to develop, operate and sub-franchise Domino's Pizza stores in Poland, posted a rise in sales for the first half of 2016.In the half year to 30 June, the company's like-for-like system sales rose 28%, marking 15 consecutive quarters of double-digit sales growth.Meanwhile, total system sales were up 57% from the first half of 2015 and the company opened five new stores.Chief executive Peter Shaw said: "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 EBITDA and commissary contribution underpin our confidence in our accelerated store roll-out programme."We have a pipeline of store openings in place for the second half in both existing and new cities. Our franchisees are active in growing their store numbers and I anticipate further sub-franchise openings and acquisitions in the near future."DP's sub-franchisee JAR acquired its first store in April and opened its second store in June. In addition, sub-franchisee JLM bought its fourth store in July.There are currently 28 Domino's Pizza stores in 6 Polish cities, Warsaw, Krakow, Wroclaw, Gdansk, Szczecin and Zielona Gora, 17 corporately managed and 11 sub-franchised.At 1546 BST, shares were up 14% to 45.90p.