Domino’s has announced an 8.4% jump in underlying pre-tax profit to £107.3m in its latest annual results.

The takeaway pizza chain also recorded a 2% jump in system sales to £1.6bn, despite its group revenue dipping slightly by 0.4%, to total £664.5m.

Domino’s, which was publishing its results for the 52 weeks to 29 December 2024, said it made “strong strategic progress” during 2024, with trading momentum accelerating as the year progressed.

The company also confirmed it has several initiatives for 2025, including plans to open more than 50 new stores, as it outlined that its FY25 underlying EBITDA is expected to be “in line with current market expectations”. For FY24, Domino’s posted an underlying EBITDA of £143.4m, 6.4% up on the previous 12 months.

“Our trading momentum accelerated as the year progressed, our delivery channel returned to growth, and we delivered strong underlying earnings growth,” Domino’s CEO, Andrew Rennie, said.

“[This year] has started positively in an uncertain market. With a good store opening pipeline, I am confident that with the quality of our teams and franchise partners, our unrivalled scale, resilient business model and capabilities, Domino’s is well placed to thrive in 2025 and beyond.”

Investment director at AJ Bell, Russ Mould, commented that Domino’s had been able to “eke out some growth against an uncertain backdrop”.

“Importantly it has done so without sacrificing profitability,” he added. “This is of particular note given the pressures on employment-related costs associated with last October’s Budget.

“The challenge for Domino’s is to continue to drive sales in a difficult environment where spending £15 on a pizza could be a hard sell, given supermarkets sell them at a fraction of the price.”

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