Record month for Global Brands

Global Brands, the Switzerland-based Domino's Pizza master franchisee, says that October was a record month.Global Brands reports that like-for-like sales were 21% ahead of the same month last year. The revenue was CHF1.28m in October 2010. Like-for-like sales are 19% ahead in the first 10 months of 2010. Like-for-like sales growth was 26.6% in the third quarter so there has been a slow down in the pace of growth but this is probably because the comparative figures are stronger. The business was starting to show the benefits of management's actions in the second half of 2009. Direct costs are being controlled so more of the revenues are available to cover overheads.Sales were 13% higher at CHF6.64m in the first half of 2010. The loss increased from CHF1.16m to CHF1.34m.