Domino’s orders bigger slice of UK and Ireland

Pizza brand Domino’s plans to increase the number of stores it has in the UK and Ireland by more than 50% to 2000 by 2033. Domino’s Pizza Group set out its accelerated growth plans today as it reported sales growth of 5.8% to £1.5bn for 2023. It currently has 1,319 stores in the UK and Ireland and expects to see more than 70 new stores in 2024. This means it will have met its 2021 target of opening 200 stores in the medium term. It is now targeting in excess of 1,600 stores and £2bn in system sales in 2028 and 2,000 stores generating £2.5bn system sales by 2033. “Using updated analysis, we have identified opportunities across new territories as well as fortressing existing geographies. More importantly, we have a franchisee base who are hungry for growth and have exceptional second-generation talent who want to grow their businesses,” the company said. The group, which holds the master franchise agreement to own, operate and franchise Domino’s stores in the UK and the Republic of Ireland, reported revenue up 11% to £667m. Underlying profit before tax was up only 0.1% to £99m. This excludes a £40m profit on the sale of the group’s German associate.   Image © Beata Zawrzel/NurPhoto/Shutterstock