StockMarketWire.com
Domino's Pizza said the UK market continues to underpin growth with eleven successive quarters of double digit LFL sales growth.

The company had a successful new opening store programme with a record 31 (2015: 24) stores opened in the period.

Average sales per address in new stores is 24% ahead of the same period last year.

HIGHLIGHTS
- Continued success of digital investment programme in the UK

- E-commerce total system sales ahead by 25% with mobile sales up 35%

- Mobile sales contribute 62% of online sales

- Continued increase in franchisee profitability

- EBITDA performance up from 15.1% to 15.4%

- Improving performances in international businesses

- ROI delivering 12.7% like-for-like sales growth

- Swiss mature stores showing good growth, with like-for-like sales up 11.7%, and progress in new and immature store portfolio

- German investment performance in line with expectations

Sold off very quickly. Looking to get back in soon!!!

I recently saw a lengthy broker note which was negative for DOM but positive for Just Eat. I will post when I can find it again.

OK Thanks HC. Looking for a good entry point.

Cenkos note last wed:
"DOM has announced a robust trading performance for Q3 2016 achieving further progress in system sales metrics, albeit against tough comparatives. The core UK business achieved 3.9% LFL growth in Q3 2016 system sales (c.f. 14.9% in Q3 2015) with YTD LFL sales growth of 8.6%. We believe our full-year 2016 estimate of 10.0% LFL UK system sales growth remains achievable pending a resilient Q4 performance. Digital sales continue to progress, increasing by 18.1% during the period with a continued migration of sales orders being captured online (over 81%) and with 64% placed via mobile/app during YTD. The store opening programme also continues apace with 21 new UK stores opened during the period (51 YTD) with management guidance now being increased from 70 new stores in 2016 to 80. The international businesses performed below our expectations during the quarter with LFL system sales increasing by 7.6% in Ireland and flat in Switzerland, leaving a bigger ask in Q4 trading to hit our full-year expectations. The new Icelandic business has made a positive contribution with 4 stores opened in the year to date while the German JV has performed in-line with management expectations. Despite the tougher H2 trading comparatives, management has today reiterated it remains confident of achieving full-year 2016 results in-line with market expectations (Cenkos estimates – adjusted pre-tax £84.4m, adjusted EPS 13.6p and dividend of 8.17p). The shares trade on a 2016 EV/EBITDA rating of 18.1x falling to 15.1x in 2018 based on forecasts. While the business continues to trade well, there remain ongoing headwinds and there is no room for error in Q4 trading. We continue to prefer the pure-play digital platform JUST EAT, that although trades on a premium (2016 EV/EBITDA of 33.0x falling to 17.9x in 2018), has enjoyed several upgrades to forecasts in the current year and has outperformed the All-Share in contrast to the underperformance observed with Domino’s. In our view this stock offers investors a much stronger profile of reward relative to valuation and we continue to recommend investors switch from Domino’s where the risk to forecasts remains on the downside."

Good points, well made.

have top-sliced these by 45% ..... i have a very decent profit running but just maybe they're running out of puff

now need to dwell on where to place the proceeds

as is pretty much par, the shares have been whacked following results

i've only seen the headline, and that looks pretty good, so unless there's something scary elsewhere, this could be a good buying opportunity (or tomorrow or monday) with the overall market firmly in reverse

herebelow CEO's comments .... i see nothing scary there .....

Commenting on the results, Chief Executive Officer David Wild, said:
"2016 was another successful year for Domino's Pizza Group and this performance is reflected in today's financial results. The UK delivered strong year-on-year growth due to robust like-for-like sales and the opening of 81 new stores. This performance, combined with our tight control of costs, has generated a significant rise in profits and a dividend payment of 8.00p per share. Our cash conversion remains very strong and we have reinvested through International expansion and returned cash to shareholders through dividends and share buy-backs.

"We remain confident in the resilience and long-term potential of our business model and are committed to continue to invest with our franchisees for growth. We expect to open at least 80 new stores in the UK with further footprint expansion in all our overseas operations.

Peel Hunt Hold 350.95 430.00 400.00 Downgrades

I agree nothing to fear here.

Can't understand the 8p divi.

In what way?

I think tomorrow is ex divi at 11.75p. I might be wrong.

From the RNS.

"Dividend

The Board recommends a final dividend for 2016 of 4.5p (2015: 3.9p) per share, being a 14.8% increase on the final dividend for the prior year. Together with the interim dividend of 3.5p per share paid on 2 September 2016, the total dividend for the year will be 8.0p per share, representing an increase of 15.6% on the dividend paid for the prior year (2015: 6.9p). The full year dividend is 1.7 times covered by underlying profits after tax (2015: 1.7 times). Subject to receiving shareholder approval at the Annual General Meeting on 20 April 2017, the final dividend will be paid on 25 April 2017 to shareholders on the register at the close of business on 17 March 2017".

N+1 Singer Hold 335.75 390.00 390.00 Reiterates

totally!

The Board recommends a final dividend for 2016 of 4.5p (2015: 3.9p) per share, being a 14.8% increase on the final dividend for the prior year. Together with the interim dividend of 3.5p per share paid on 2 September 2016, the total dividend for the year will be 8.0p per share, representing an increase of 15.6% on the dividend paid for the prior year (2015: 6.9p)...... The final dividend will be paid on 25 April 2017 to shareholders on the register at the close of business on 17 March 2017.

8p is the total divi to be payed this year, the 1st (2/3) should go ex-divi within the next month, roughly 4.5p. The 2nd (1/3) about 3.5p should be payed about 6 months from now.

I think that's right unless someone else wants to come in.

Stan - see posts 755 & 757 :-)

I started typing but got distracted, hence 25mins in between posts )-;