logo-loader
viewDP Poland PLC

DP Poland looks fresh as store estate grows to 66 in first quarter

In addition to three new stores opened in the period, the company had also signed four leases for new sites

Domino's Pizza delivery man
The company operates the Domino Pizza franchise in the Polish market

DP Poland PLC (LON:DPP) shares jumped on Friday on news it had expanded its store estate to 66 in the first quarter, covering 30 Polish towns and cities.

In a trading update ahead of its AGM on Friday, the company, which operates the Domino’s Pizza franchise in the country, said it had opened three new sites in the quarter as well as signing leases for another four.

READ: Peel Hunt resumes DP Poland with a ‘buy’ rating, says a “normal summer would be the icing on the pizza”

The group added that trading in the period had been in line with management expectations.

Peter Shaw, chief executive, added that a marketing campaign launched in the second half of January featuring Polish celebrity chef Damian Kordas had been “effective at driving sales”, as had a partnership with online food delivery site Pyszne, with all of DP Poland’s stores now on the Pyszne system.

In mid-morning trading, the shares were up 3% at 8.8p.

--Adds share price--

Quick facts: DP Poland PLC

Price: 7.4998 GBX

AIM:DPP
Market: AIM
Market Cap: £19.02 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

CentralNic welcomes new key hires and says it's 'well prepared' for current...

CentralNic Group PLC's (LON:CNIC) Ben Crawford tells Proactive they're not experiencing interruptions in its services during the current pandemic. He adds that current trading is in line with market expectations. The group's also recently reshuffled its leadership with a number of new...

21 minutes ago

2 min read