Domino’s Pizza quarterly results deliver

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Domino’s Pizza quarterly results deliver
Master Investor Magazine

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FTSE 250 fast food firm Domino’s Pizza Group (LON:DOM) saw its shares rise by 5.24% to 312.78p (as of 15:00 GMT) as sales grew by 3.7% during the 13 weeks to 29th December. The company’s UK and digital operations outperformed and the company is looking to dispose of struggling segments, beginning with the Norwegian business.

CEO David Wild commented: “I am pleased with the performance of our core UK and Ireland markets, with system sales up 4.4% and UK like-for-likes up 3.9%, against a strong comparative and a competitive backdrop. This performance was driven by the power of our brand, our strong digital capabilities and the operational expertise of our franchisee partners.

“At the end of the period we announced the tragic passing of our CFO, David Bauernfeind. David will be deeply missed by all who knew him and worked with him. He leaves behind a high-quality finance team who have shown remarkable resilience and dedication over the past month, and we are well advanced in the search for an interim CFO.

“We look forward to announcing our preliminary results next month and updating the market on strategic progress made over the last few months“.

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