Dominos to Add Another Two Outlets In Ireland Despite Slowing Sales

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Dominos to Add Another Two Outlets In Ireland Despite Slowing Sales

Dominos, the quick service restaurant chain recorded a pre-tax profit of £95.9m (€107m) and £101.4m this year. This was despite the burgeoning  costs of overseas investments denting into its first half profits.

Sales in Ireland which rose to 2.5 % in the first half of the year showed little growth attributed to dramatically changeable weather conditions. However, online sales growth has been good with about 15 % growth in the first half.

In July Dominos opened its 50th outlet in Ringsend in Dublin. The company intends to open two more outlets in the second half of the year.

Group sales of Dominos comprising of regions like UK, Ireland, Switzerland, Norway, Iceland and Sweden rose to 22.6% in a year to £259.1m during the first two quarters. But Dominos registered low profits due to overseas investments resulting in the company’s shares down almost 12 %.

Dominos, however is seeing a robust growth in online operations which is 79% of UK sales and over 55% of Irish sales.

Source: www.breakingnews.ie

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