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Domino's goes from strength to strength

TIP UPDATE: Sales growth maintained despite recession
January 6, 2010

Domino's Pizza has maintained its buoyant trading performance through the Christmas period as the icy grip of the recession and the cold snap have failed to dissuade pizza-lovers from picking up the phone. The 13 weeks to 27 December saw total sales across Domino's estate rise by 15.6 per cent with like-for-like sales across 501 mature stores up by 8.6 per cent. Like-for-like sales for the year were 8.4 per cent ahead, down slightly on last year's 10 per cent growth, but impressively resilient, nonetheless.

IC TIP: Buy at 313p

Expansion has continued apace with a record 55 new stores opening in 2009, taking the total estate to 608 stores. And the company's e-commerce channel continues to deliver an increasingly important element of its growth, with e-commerce sales up 40 per cent over the year, and now accounting for more than a quarter of total sales.