Domino's Pizza Group PLC Capital Markets Day and Trading Update (0002Q)

TIDMDOM

RNS Number : 0002Q

Domino's Pizza Group PLC

24 November 2016

Domino's Pizza Group Plc

24 November 2016

Capital Markets Day and Trading Update

Domino's Pizza Group Plc (the "Company" or the "Group") is holding a Capital Markets event today in London. With presentations from Chief Executive David Wild, and a number of the senior leadership team, the event will include updates on the Group's UK and international strategy along with news about the latest product and tech innovations.

Presentations will take place from 13.30 - 16.30 GMT. A webcast of the presentations will be available by the end of the day on http://corporate.dominos.co.uk/.

The Company confirms that, given the continued strong new store performance and positive outlook both for its market and the Domino's brand, it is increasing its long term target for the UK to 1,600 stores. It expects to operate around 950 by the end of 2016. This reflects the successful strategy of splitting territories to improve efficiency and service to customers by shortening drive times, which leads to higher sales for both DPG and franchisees.

Outside the UK, the company has identified opportunities for a total of 400 stores, up from around 100 at the end of 2016. This excludes the German JV.

Commenting on today's announcement David Wild, Chief Executive of Domino's, said:

"This is an exciting time for DPG. Our continued strong e-Commerce performance and our collaboration with our dedicated franchisees, enable us to increase our UK presence significantly. Internationally, our progress in Switzerland and new collaborations in the Nordic region are exciting opportunities for the business."

The group continues to trade well and PBT guidance for 2016 remains unchanged. Re-phasing of the new Supply Chain Centre projects mean that Capex will be around GBP20m compared to the GBP33m indicated at the half year. This will not affect our ability to meet demand over the next 18 months. We remain committed to the return of surplus cash to shareholders through buy-back, but have paused the process in recent weeks because of an issue we are resolving.

The Group will next update the market in March 2017 with full year results for the financial year ending December 2016.

ENDS

Enquiries:

Domino's Pizza Group plc

David Wild, Chief Executive Officer

020 7379 5151

Maitland

James Devas, Robbie Hynes

020 7379 5151

Notes to Editors:

Domino's Pizza Group plc is the leading player in the fast-growing pizza market holding the exclusive master franchise to own, operate and franchise Domino's Pizza stores in the UK, Republic of Ireland, Switzerland, Liechtenstein and Luxembourg. Additionally it owns a strategic stakes in the largest pizza delivery business in Germany and in the holders of the Domino's master franchises in Iceland, Norway and Sweden. The first UK store opened in Luton in 1985 and the first Irish store opened in 1991.

This information is provided by RNS

The company news service from the London Stock Exchange

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November 24, 2016 02:00 ET (07:00 GMT)