Domino’s Pizza posts record annual profits
26 Feb 2013
Domino's Pizza posted record annual profits yesterday, even as more recent sales were hurt by the snow that hit the UK last month.
The company sold 61 million pizzas including the top-selling Pepperoni Passion. Its outlets numbering 498 were closed at some point, representing almost two-thirds of its UK network.
The company saw its shares retreat 12p to 525.5p.
According to chief executive, Lance Batchelor, in terms of the first seven weeks, there was a snow disruption for two of those weeks, which were very hard.
Sales at stores open for over a year were up just 1.6 per cent, as against 3.8 per cent a year earlier.
Analysts warned that the tough start spelt difficult prospects for the company which was already lacking several one-off boosts that made for a bumper 2012.
