UPDATE 1-Pizza firm DP Eurasia FY gross sales leap 77%

(Provides element)

Jan 30 (Reuters) – DP Eurasia, which runs the Domino’s Pizza model in Turkey and Russia, mentioned on Monday it continued to think about its presence in Russia after delivering a leap in full-year gross sales.

The London-listed agency mentioned system gross sales, which embrace gross sales from its personal and franchised shops, rose 76.5% to 4.21 billion Turkish lira ($223.82 million). Adjusted for hyperinflation in Turkey, gross sales grew 13.1%.

DP mentioned the expansion was achieved on account of community enlargement and strategic pricing, in addition to excessive demand from its espresso store chain.

The corporate added that it was nonetheless evaluating its presence in Russia and had closed 29 shops within the nation in 2022, bringing the variety of retailers to 159 as of Dec. 31.

DP mentioned in late December it was

contemplating choices

for its Russian operations, together with a divestment.

Whereas many Western corporations, together with McDonald’s pulled out of Russia after Moscow’s invasion of Ukraine started final February, DP Eurasia

mentioned

in April it deliberate to remain, however would restrict funding there.

DP opened 48 new shops in Turkey in 2022, forward of its beforehand guided vary of 30-40.

It mentioned it anticipates its adjusted earnings earlier than curiosity, taxes, depreciation and amortisation (EBITDA) for 2022 to come back forward of present market expectations. ($1 = 18.8101 liras) (Reporting by Anna Pruchnicka, enhancing by Ed Osmond and Louise Heavens)