Dominos Pizza - On the front foot
Delivery is the byword for Domino’s, with successful affirmation in 2020 of a proven model in challenging conditions. With collection (21% of 2019 sales) hampered by COVID-19 restrictions, delivery stepped up with 24% top-line growth, driving a 7% rise in full-year like-for-like PBT. This is complemented by a new digital-led strategic plan (medium-term target of 20–40% higher system sales) and a commitment to return surplus cash to shareholders (£88m for 2020). Also, longstanding friction with franchisees, potentially a key obstacle to growth, is being actively addressed by management, itself revamped. Relatively unscathed in a COVID-19-bedevilled hospitality market, Domino’s appears fairly rated in terms of its long-term prospects.Domino's Pizza Group is a pizza company. Co. has exclusive master franchise rights in the U.K., Republic of Ireland, Switzerland, Norway, Sweden and Germany markets under an agreement with Domino's Pizza International Franchising Inc. Co. operates in two geographical business units: the U.K. and Ireland, which operates mature markets with a sub-franchise model and limited corporate stores; and International (Switzerland, Germany, Iceland, Norway and Sweden), whose markets are at an earlier stage of development. As of Dec 31 2017, Co. had 1,045 stores in the U.K., 51 stores in Norway, 49 stores in Republic of Ireland, 23 stores in Iceland, 18 stores in Switzerland, and six stores in Sweden.
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