Domino's Pizza
Domino's Pizza

Shares in Domino's Pizza were down on the FTSE 250 after the group reported a rise in sales in the third quarter ended 26 September.

Like for like sales rose 9.9 per cent, a slight slowdown from a 10.5 per cent rise reported in the same period last year.

The group said that the rise in sales was in part due to what it described as its "extremely successful Two for Tuesday" promotional offer.

System sales were reported as being up 17.9 per cent to £115.7 million in the third quarter, while in the year to date system sales increased 19.8 per cent to £352.8 million.

Total online sales were reported as being up 68.7 per cent to £33 million in the quarter, while in the year to date online sales rose from £54.5 million to £89.9 million. E-commerce sales accounted for 39.7 per cent of UK delivered sales in the third quarter, up from 29.2 per cent in the same period last year.

In the third quarter Domino's opened 16 new stores, compared with seven opened in the third quarter of last year. In total the number of stores opened this year has reached 35, up from 30 this time last year. In total Domino's now has 643 stores, up from 583 this time last year.

Chris Moore, Chief Executive of Domino's, said, "With tough comparatives to beat, yet again our franchisees and store teams, supported by our strong head office operation, have risen to the challenge and delivered excellent like-for-like sales growth. As a result of our strong trading in the third quarter and, indeed, the year so far, the Board believes it is on track to achieve full year profitability at the upper end of current market expectations."

By 10:30 shares in Domino's Pizza were down 0.46 per cent on the FTSE 250 to 469.70 pence per share.