Polish still flocking to Domino's Pizza

The AIM-traded company, through its wholly-owned subsidiary DP Polska, held the exclusive rights to develop, operate and sub-franchise Domino's Pizza stores in Poland.

A total of 24 stores currently operated in five Polish cities - Warsaw, Krakow, Wroclaw, Gdansk and Szczecin - with 16 corporately managed, and eight sub-franchised.

The company said like-for-like system sales were up 16% in the 12 months to 31 December 2015. The company had achieved 13 consecutive quarters of double digit growth on the measure at year-end.

Like-for-like gross profit was up 27% during the year, and like-for-like order count was up 14%.

"Like-for-like sales continued to deliver double-digit growth, and total stores were EBITDA positive every month in 2015 - a notable milestone for Domino's Pizza in Poland," said chief executive Peter Shaw.

"We now have stores in five Polish cities, further stores under construction and a pipeline for significant further openings in 2016 in new and existing cities," he added.

DP Poland's top three corporate-owned stores averaged EBITDA of £58,000 each in 2015, doubling 2014's figure of £24,000 each.

The company also said the commissary contribution to its numbers was growing, through increased sales royalties and non-food sales to sub-franchisees.

"The contribution of our new commissary is ahead of expectations, delivering improved food costs and growing sales to sub-franchised stores," said Shaw.

"2016 has started strongly with robust like-for-like system sales growth in January," he added.

The company's board confirmed that like-for-like system sales growth in January continued in the double digits, at an impressive 29%.

At 1520 GMT, shares in DP Poland were up 4.21% to 24.75p.