The Domino's Pizza Group Directors have declared an interim dividend of 3.3p per share. This dividend will be paid on 20 September 2023 to those members on the register at the close of business on 11 August 2023.
Other financial highlights include:
Like-for-like system sales (exc. splits and VAT) up 9.7%, with Q2 up 8.6%
Group revenue, up 19.6% driven by an increase in system sales volume, acceleration of store openings and the pass-through of food costs
Underlying EBITDA +8.2% which includes £5.3m of previously guided one-off technology platform costs and no contribution from Germany (H1 22: £1.8m)
Excluding the one-off technology platform costs, underlying EBITDA would have been up 16.5%
Underlying profit before tax flat primarily driven by higher interest costs, following H2 22 refinancing
Statutory profit after tax +90.5%, driven by proceeds from the disposal of the German associate, generating a profit of £40.6m recorded in non-underlying results
Good free cash flow of £56.2m (H1 22: £36.8m), driven by working capital management and robust trading momentum
£20m buyback announced on 4 May 2023, with £13.9m repurchased as at 28 July 2023
New £70m buyback programme, following disposal of German associate, will commence when the current £20m programme has completed
