"The takeaway pizza company has 1,388 stores across the UK and Ireland, but despite a fall in sales bosses said they had a "solid" performance over the past few months. Sales rose in the three months to 29 September by 2.1% to £382.7 million and like-for-like sales were 1% higher. Order numbers fell by 1.5% year-on-year to 17.1 million over the three months period which was linked to "higher pricing" following a 5% increase in prices."
"We have delivered a solid Q3 performance with positive sales and operational momentum despite the continued challenging consumer backdrop. Our franchisees continue to lead the industry with fast delivery times and we continue to work with them to mitigate the impact of increasing costs and any potential impact of the UK budget on November 26. We remain on track to achieve our full-year profit expectations and I look forward to setting out our future plans at the investor day in December."
The company operates 1,388 stores across the UK and Ireland. Sales for the three months to 29 September rose 2.1% to £382.7 million, with like-for-like sales up 1%. Order numbers declined 1.5% year-on-year to 17.1 million, attributed to higher pricing after a 5% price increase. Management described the Q3 performance as solid with positive sales and operational momentum despite a challenging consumer backdrop. Franchisees maintained fast delivery times while the company works to mitigate rising costs and potential impacts from the UK budget. The company remains on track to meet full-year profit expectations and plans an investor day in December.
Read at London Business News | Londonlovesbusiness.com
Unable to calculate read time
Collection
[
|
...
]