DP Poland
PLC
("DP
Poland", the "Company" or the "Group")
Q3 2024 Trading
Update
DP Poland, the operator of Domino's
pizza stores and restaurants across Poland and Croatia, announces a
trading update for the nine months to 30 September 2024.
DP Poland's Chief Executive
Officer, Nils Gornall, said:
" I am
delighted to report that DP Poland continues to experience
exceptional growth across both Poland and Croatia. In Poland, our
system sales have increased by 19% year-to-date, and orders are up
15%, showcasing our expanding customer base and the outstanding
performance of our stores.
We're fully committed to our
strategy of delivering quality pizza quickly and providing great
value to our customers. By opening 12 new locations this year and
transitioning to a sub-franchised business model, we're rapidly
gaining market share and setting the stage for even greater
success.
Overall, we are extremely pleased
with the sales growth, organic store roll out and sub-franchise
transition. With an average of over 800 orders per store each week
in Poland, we're excited to carry this momentum in Q4 and
beyond."
Financial
detail
|
Poland
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
PLNm
|
Q1 2024
|
Q2 2024
|
Q3 2024
|
YTD SEP
2024
|
|
|
PLNm
|
% YoY
change
|
PLNm
|
% YoY
change
|
PLNm
|
% YoY
change
|
PLNm
|
% YoY
change
|
|
Total System sales1
|
62,2
|
17,3%
|
68,0
|
23,7%
|
63,7
|
15,8%
|
193,9
|
19,0%
|
|
|
|
|
|
|
|
|
|
|
|
LFL
System sales2
|
60,8
|
17,9%
|
66,7
|
26,5%
|
61,2
|
21,0%
|
188,7
|
21,8%
|
|
non-delivery
|
19,0
|
17,7%
|
21,3
|
20,3%
|
20,0
|
10,4%
|
60,3
|
16,0%
|
|
delivery
|
41,8
|
18,0%
|
45,4
|
29,6%
|
41,1
|
26,9%
|
128,3
|
24,7%
|
|
|
|
|
|
|
|
|
|
|
|
M
Orders
|
Q1 2024
|
Q2 2024
|
Q3 2024
|
YTD SEP
2024
|
|
|
M Orders
|
% YoY
change
|
M Orders
|
% YoY
change
|
M Orders
|
% YoY
change
|
M Orders
|
% YoY
change
|
|
Total System orders1
|
1,1
|
14,4%
|
1,2
|
20,3%
|
1,1
|
10,1%
|
3,4
|
15,0%
|
|
|
|
|
|
|
|
|
|
|
|
LFL
System orders2
|
1,1
|
14,8%
|
1,2
|
22,8%
|
1,1
|
14,1%
|
3.4
|
17,3%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Croatia
|
|
|
|
|
|
|
|
|
|
EURm
|
Q1 2024
|
Q2 2024
|
Q3 2024
|
YTD SEP
2024
|
|
|
EURm
|
% YoY
change
|
EURm
|
% YoY
change
|
EURm
|
% YoY
change
|
EURm
|
% YoY
change
|
|
Total System sales1
|
0,9
|
74,1%
|
0,9
|
72,7%
|
0,9
|
51,0%
|
2,7
|
65,4%
|
|
|
|
|
|
|
|
|
|
|
|
LFL
System sales2
|
0,5
|
8,8%
|
0,6
|
9,8%
|
0,6
|
4,4%
|
1,8
|
7,5%
|
1 System Sales and System
Orders - total retail sales or orders including sales or orders
from corporate and sub-franchised stores,
unaudited
2 Like-for-like System Sales
growth in Polish Złoty or Euro, matching trading periods for the
same stores
Financial Highlights
· LFL
System Sales in Poland grew by 21.8% YTD (end September 2024), with
the Delivery channel continuing to increase its share of our
business, now accounting for two-thirds of System Sales.
· Order
counts grew strongly and most importantly was the main driver of
our revenue growth, with Poland LFL System Orders increasing by
17.3% YTD, and Average Weekly Order Count for Poland continuing to
expand, to over 800 per store YTD.
· Croatia LFL System Sales grew by 7.5%, maintaining excellent
performance. System sales grew by 65.4% driven by new store
openings.
· Since
April 2024 we have experienced upward pressure on food costs,
particularly dairy products. Despite this, we have continued
to grow orders and market share without sacrificing store level
profitability.
Operational Highlights
· We
remain on track to open 16 locations during 2024 with 12 new sites
and 4 stores relocated as we continue to optimise our store
network. We target to end the year with an estimated 122
store network.
· Five
corporate stores sold to franchisees YTD, as we transition to
a sub-franchised business model.
· Planned investment in Lodz commissary was completed, adding
new silos and dough making equipment, materially growing production
capacity and preparing the Group for further growth.
The Board remains confident in the
Group's performance and expects to be in line with market
expectations for 2024.
Enquiries:
DP
Poland plc
Nils Gornall, CEO
Tel: +44 (0) 20 3393 6954
Email:
ir@dppoland.com
Singer Capital Markets (Nominated Adviser and
Broker)
Shaun Dobson / Jen Boorer / Oliver
Platts
Tel: +44 (0) 20 7496 3000
Notes for editors
About DP Poland plc
DP Poland has the exclusive right to
develop, operate and sub-franchise Domino's Pizza stores in Poland
and Croatia. The group operates 113 stores and restaurants
throughout cities and towns in Poland and Croatia.
