Q1 Trading Update
Q1 2026 trading ahead of prior year with like-for-like sales up 4.5% and orders up 0.9%.
vs expectations: in line
- Total system sales growth 5.8%
- Like-for-like sales growth 4.5%
- Total orders growth 2.3%
- Like-for-like orders growth 0.9%
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Ahead of the Annual General Meeting being held today, we set out below a summary of Q1 2026 trading.
Q1 2026 represented an encouraging start to the year, with positive total system sales, like‑for‑like sales and order growth compared with Q1 2025. Total system sales increased by 5.8%, including like‑for‑like growth of 4.5%, while total orders rose by 2.3%, with like‑for‑like orders up 0.9%. The Group also successfully launched CHICK 'N' DIP, with initial trading performance meeting expectations with positive feedback and advocacy from our customers.
Despite the well documented macroeconomic backdrop, our costs are hedged for the current financial year with some costs hedged into 2027 and we do not currently foresee any supply-related issues. The Board currently expects to achieve our earnings expectations for the full year.
Commenting on the performance in Q1, Nicola Frampton, CEO, said:
"We have carried the positive momentum seen at the end of 2025 into 2026, with trading performing in line with our expectations.
We are pleased with the early performance of CHICK 'N' DIP and excited for our Italianos range which has recently launched and is built on a thin crust pizza collection with delicious new toppings, further strengthening our core pizza offer.
As we move through 2026, we remain firmly focused on growing the core business and improving our operational execution for current and future years."
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.