DP Poland gross sales rise on greater ticket values, however order volumes slip

DP Poland stated gross sales grew within the third quarter, however the improve got here from prospects spending extra per order fairly than ordering extra typically.

All in all, the pizza maker delivered a reasonably uninspiring replace, and shares fell on Wednesday.

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The operator of Domino’s Pizza in Poland and Croatia reported whole system gross sales in Poland up 10.4% within the quarter, with like-for-like gross sales up 0.6%, a slowdown after a stronger first half, as greater common order values offset a 7.2% drop in like-for-like order numbers.

Trading was subdued in July and August earlier than development returned in September. Croatia grew strongly, with gross sales up 35%, helped by new retailer openings.

The firm stated it was urgent on with its shift to a franchise-led mannequin, changing 4 extra company shops to franchises within the quarter and taking franchised retailers to 42% of its community. It is concentrating on greater than half by year-end. It can also be working to combine its acquired Pizzeria 105 property and plans to launch a brand new buyer app within the ultimate quarter to elevate order numbers.

DP Poland stated its money place was secure and that it anticipated full-year buying and selling to align with market expectations.

DP Poland shares have been 2% decrease on the time of writing.