Group new store openings were 325 in nine months to date (159 in Q3) and it remains on track to open 550 net new stores in the current financial year.ĬEO Trevor Masters said: “The past quarter saw the group make further strategic progress, with 159 net new stores launched as we continued to execute on our profitable store opening programme. However, the group said trading had recovered in recent weeks with a positive LFL performance in June and the start to Q4.Ĭonversely, Poundland’s like-for-like growth strengthen in the quarter, rising from year-to-date growth of 6.2% to 9% growth in the third quarter, primarily due to a strengthening fmcg performance. Pepco like-for-like revenues were up 9.6% so far in the year, but down 1.2% in Q3 reflecting a challenging trading environment in April and May, particularly in central Europe, and a stronger comparative period in the prior year.
Group like-for-like revenues are up 8.2% in year-to-date, but slowed to growth of 2.6% in the latest quarter. Poundland owner Pepco Group has reported strong group growth in the third quarter, with Poundland boosted by strengthening fmcg sales.įor the three months to 30 June 2023, revenues were up 12.5% on a constant current basis to €1.37bn, with Pepco up 15.3% and Poundland up 8.6%. Working with the team at DPG and the world-class franchisees here, I know we can take the business to new heights and I can’t wait to get started.” The Domino’s brand is in my blood and I’ve admired the strong progress the UK and Ireland business has made in recent years. Rennie added: “I am delighted and honoured to be taking up the role of CEO of DPG. I am very grateful he will remain on the board in a non-executive capacity.” His drive and passion for the business and its people have ensured that Domino’s has accelerated the implementation of our strategy and created a stronger platform upon which to drive our growth. “I’d like to thank Elias for his extraordinary commitment over the past year and the positive impact he has made on the entire system in that time. All of us on the board believe that working with our brilliant colleagues and world-class franchisees, he is just the right person to take the business to the next level. He is an energetic and entrepreneurial leader with an incredible track record of delivering growth in Domino’s businesses around the world.
”Andrew understands the power and potential of the Domino’s brand as well as anyone in the business globally.
“I am delighted to welcome Andrew Rennie as our CEO,” said chairman Matt Shattock. He will remain a non-executive director of DPG, a role he has held since joining the board in 2019. He will join as a director of DPG on 1 August and will assume the role of CEO with effect from 7 August.Įlias Diaz Sese, who took over as interim CEO in October 2022, will step down from this role on Rennie’s appointment. He is currently a non-executive director of AIM-listed Domino’s Pizza Poland, and chair of The Cheesecake Shop, a 238-store business in Australia and New Zealand. Rennie has an extensive career in the Domino’s global system, having spent over two decades with Sydney-listed Domino’s Pizza Enterprises in roles including CEO of France and Belgium from 2006 to 2010, COO and then CEO of its Australia and New Zealand business from 2010 to 2013, and CEO of its European business from 2014 to 2020. Lumina Intelligence: UK Food & Drink Reportsĭomino’s Pizza Group has announced the the appointment of Andrew Rennie as its new CEO.
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