Financial Highlights
System sales increased by 12.8% to £598.6m (2011: £530.6m for 52 weeks)
Record profit before tax, including Germany and Switzerland, of £46.7m, up 10.8% (2011: £42.2m)
Profit before tax, excluding Germany and Switzerland, increased 14.2% to £49.7m (2011: £43.6m)
Like-for-like sales growth of 5.0% in 612 UK mature stores (2011: 3.7% in 557 mature stores)
Earnings per share (pre exceptional items):
o Diluted earnings per share up 14.1% to 21.95p (2011: 19.24p)
o Basic earnings per share up 13.8% to 22.17p (2011: 19.48p)
Statutory basic earnings per share up 14.4% to 19.04p (2011: 16.65p)
Final dividend increased by 16.2% to 7.90p per share (2011: 6.80p)
Record of 69 new stores opened in the period (2011: 62 stores) with two closures (2011: three) resulting in a total of 805 stores in four countries as at 30 December 2012
Online system sales increased by 46.3% to £268.6m (2011: £183.6m) with online sales accounting for 55.7% of UK delivered sales (2011: 44.3%). Of this, 19.7% of online orders were taken through a mobile device (2011: 10.1%)
Adjusted net debt⁴ to EBITDA of 0.5:1 (2011: 0.4:1), highlighting our low financial leverage
Commenting on the results Chief Executive Officer, Lance Batchelor, said:
"Despite a very challenging economic environment, our people and our franchisees have delivered another impressive set of results. This performance further demonstrates the resilience of the Domino's Pizza home delivery market.
We are making encouraging progress in Germany. This market has good demographics for our business and we are seeing improving trading performances from these stores. I look forward to reporting further progress in due course.
We have had a solid start to the first seven weeks of 2013 with like-for-like sales in the UK mature stores up by 1.6% (2012: 3.8%). Clearly the recent spell of poor weather and widespread snow in week three and week four has had an adverse impact on trading. During these two weeks, we had a total of 498 stores closed at some point - almost two-thirds of our UK store network was impacted. Excluding the days these stores were closed, the underlying like-for-like sales run rate was 2.6% which is an encouraging early trend.
Stores in the Republic of Ireland were not affected by the snow and are in positive territory with like-for-like sales in the mature stores up 3.9% over this first seven week reporting period.
I am optimistic about the future and, with the support of our franchisees, we will continue to grow this outstanding business by focusing on opening new stores, testing new store formats and developing new products while always ensuring the customer is at the heart of everything we do".
