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Dominos – Swiss Sales Surge Follows Price Reductions

Dominos Pizza Grp DOM Sales during the 13 weeks to the 24th September rose by 11.9% on a like for like and constant currency basis. Demand was strong and the quarter saw a record number of store openings as well as a recovery in like for like sales. Switzerland led the way with like for like growth of 20.4%, following price reductions earlier in the year and a surge of 69.6% in online sales.

Marstons plc MARS Updates that both sales and profits for the year to the end of September, were ahead of last year and despite recent market conditions being subdued further growth is targeted for 2018 when the opening of 15 new pubs and bars and 6 lodges is expected. For brewing the 2017 year has been transformational with own brewed volumes up by 6%. Taverns on the other hand produced like for like sales growth of 1.6% and Destination and Premium only managed 0.9%.

Ted Baker Plc TED Interim results for the 28 weeks to 12th August saw group revenue rise by 9.5% on a constant currency basis whilst basic earnings per share were up by 12.2%. Asia was particularly strong with a rise in sales of 19.6% on a constant currency basis. Overall the half year performance was in line with expectations with profit before tax up by 17.8% and the interim dividend being increased by 17.5%.

easyHotel plc EZH The  year to the end of September was one of accelerated growth with a strong like for like performance in both owned and franchised hotels enabling the company to continue to outperform the market. Total sales for the year rose by 39% with like for like revenue in owned hotels up by 13.7% and by 8.6% in franchised hotels. 2560 owned rooms and 2263 frnchised rooms are under negotiation.

Iofina IOF  produced more iodine than expected  in the third quarter of 2017 which became a landmark period, as at the same time, global iodine prices continued to recover.

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