The King Of The Home Delivered Pizza Says Timing Is Everything

CITY A.M.:

You can tell when a business is doing well, when despite the recession, its plans to open a new headquarters five times the size of its existing base are still on track. That is the happy position Chris Moore, the chief executive of delivery chain Domino’s Pizza, finds himself in. His new 100,000 sq ft head office and central warehouse in Milton Keynes, in the same town as the current base, is due to come into operation in the first half of next year, at a cost of £27m. But in truth the numbers have been falling in Moore’s favour for some time now, which is remarkable for a consumer-facing business in a downturn.
dominos_pizza

Last month the business posted half-year pre-tax profits up 35 per cent to £13.1m on sales up 15 per cent to £196.4m, after the operation opened 23 new stores. It added it was on course to open at least 50 this year. Analysts raised full-year forecasts for the business, which sponsors the ITV hit Britain’s Got Talent, by around three per cent to between £25.7m to £27m.

Moore, a youthful-looking 50-year-old who became chief executive last January but has spent almost 20 years with the firm in a variety of senior marketing and sales roles, is clear why the business is growing at such as pace.

Continue reading this story.

Leave a Comment

Your email address will not be published. Required fields are marked *