StockMarketWire.com
Domino's Pizza Group has completed its acquisition of a further 44.3% interest in Pizza Pizza ehf ('Domino's Iceland').

StockMarketWire.com
Domino's Pizza's group system sales rose by 18.2% to £321.8m in the fourth quarter with UK system sales up 9.8% and UK like-for-like sales up 6.1%.

UK & ROI system sales were up 10.1% in the quarter, or 9.9% excluding currency effects.

The upbeat performance in the UK was driven by solid acceleration in digital business, as online sales rose 14.5% year-on-year, representing 77% of system sales in the fourth quarter.

UK system sales rose 9.8%, with new store openings and like-for-like performance both contributing strongly, while like-for-like sales growth, excluding stores in split territories, was 6.1%, driven by strong order growth.

The company said it opened 37 stores in the UK during the fourth quarter, taking the total for 2017 to a record 95, with total outlets rising to 1,045 outlets by the period end.

ROI system sales were up 12.0% on a constant currency basis. Like-for-like sales grew 10.4% as a further new store was opened in the fourth quarter, taking the total to 49.

The company said 'Q4 performance has been ahead of our expectations and we have offset some of our margin investment with good volume growth.'

'As a result we now expect full year underlying profit before tax to be slightly above the current range of market expectations.'

'We expect capex for the 2017 year to be between £45 million and £50 million, below the previously guided range of £50 million to £60 million, mainly as a result of phasing in relation to the Warrington supply chain centre.'

Peel Hunt today reaffirms its buy investment rating on Domino's Pizza Group PLC (LON:DOM) and raised its price target to 425p (from 400p).

Liberum Capital today reaffirms its sell investment rating on Domino's Pizza Group PLC (LON:DOM) and raised its price target to 280p (from 250p)

StockMarketWire.com
Dominos reported an upbeat start to the year as sales grew in the first quarter, led by strong UK performance.

Group system sales rose 18.3% to £311.1m from £236.0m the same period a year ago supported by strong sales growth in the UK and Republic of Ireland of 10.4%.

In the UK, system sales rose 10.6%, buoyed by new store openings and upbeat like-for-like performance sales growth of 7% amid strong like-for-like order growth of 6.7%.

ROI system sales were up 5.2% on a constant currency basis. Like-for-like sales growth was slower at 3.5% impacted by adverse weather.

The firm said it opened 11 new stores in Q1, including nine in the UK as it pushes ahead with plans to open 65 to 75 UK stores during 2018.

Dominos said 541 stores were equipped with live GPS.

International sales rose 17.6%.

Dominos completed £21.1m of share buybacks in Q1.

'In the UK, customers are responding very positively to our clearer value proposition, with strong scores for value for money and overall satisfaction,' sad David Wild, Chief Executive Officer.

'We have also made excellent operational progress, with the rapid roll-out of GPS continuing. I am encouraged by our international operations, which are gaining scale as more customers grow to love our great tasting pizzas.'

Pizza Tax coming soon :)

Tagged on to the Sugar one thats just been implemented.

Liberum Capital today reaffirms its sell investment rating on Domino's Pizza Group PLC (LON:DOM) and cut its price target to 250p (from 280p)

"Why Domino’s Pizza Group cannot hold onto their Finance Directors is a very good and valid question. Since the departure of Lee Ginsberg, who was a long standing and highly recognised FD, the group has churned through three since 2015 and with the announcement today that Rachel Osborne has handed in her resignation effective 11 June 2018, the group are on to their fourth. We question whether there is an internal cultural issue, whether she cannot see a path to maximising her remuneration scheme or other issues? Whatever the answer is, it does not look good and begs corporate governance questions. In a year when the CEO’s LTIPS vest we would like to see a more detailed analysis of the EPS support provided by share buybacks, M&A and underlying performance and on what basis and why the LTIPS are calculated.

Our concerns on the sustainability of the model remain where area splits are unsustainable in our view (c.11 year paybacks for franchisees). In a drive to higher earnings the group is buying back shares at 25x PE which we ask if that is really in the interests of shareholders - we know it is LTIP supportive in the current year. From an M&A perspective we think the Plc is likely to make more acquisitions be it franchisees in the UK but could more likely in Ireland and these could be in a JV form so as to retain current management teams. These kind of deals would not necessarily change our recommendation but the price paid should also provide an indicative payback period that shareholders should expect from such investment - are these in line with what they expect the franchisees to bear? No long term targets have been given on any of the Group’s new markets, deals or M&A and we ask how it can be in shareholders’ interests to be buying back shares at current levels. Considering today’s shock announcement highlights that all is not good internally. While the share performance has clearly gone against our SELL, we retain this."

Down over 5% today on that resignation but the 4th FD to go at DOM over the years so not new, this is just previous news repeated.

The question is how long in the past has it taken for the DOM Price to recover...long term holders please advise.

PS. Do you still hold Jennifer?

Goodbody today initiates coverage of Domino's Pizza Group PLC (LON:DOM) with a buy investment rating and price target of 445p.

Liberum Capital today reaffirms its sell investment rating on Domino's Pizza Group PLC (LON:DOM) and raised its price target to 280p (from 250p).

Large Slice taken off recently. 260p support!!!

StockMarketWire.com
Domino's Pizza reported a modest rise in first-half profit after unusually hot weather crimped demand and costs rose at its international operations.

For the six months to 1 July, underlying pretax profit rose 2.5% to £45.7m, underlying earnings per share rose 6.8% to 7.8p and group system sales rose 12.8% to £616.6m.

Statutory profit before tax fell 9.7% to £41.7m.

Total group system sales growth was supported by new store openings and further like-for-like growth in the UK, and the Nordic acquisitions, the company said.

UK system sales were up 2.5% to £45.7m and Republic of Ireland up 2.5%, while International revenues notched record system sales of £51.5m , roughly 8.4% of the group total.

UK like-for-like system sales grew 5.9% which was faster than the 2.4% growth seen in the same period a year ago.

Performance in UK during the second quarter, however, was limited by a prolonged period of hot weather, which was partially offset by higher demand during the World Cup.

The firm said it opened 22 new stores in the first half, taking the total UK total to 1,067, amid plans to open around 60 openings in the UK this year.

Net debt increased to £182.1m as a result of the Iceland and Germany investments completed in January 2018, the £38.9m of share purchases in the first half and capital expenditure of £18.3m and the 2017 final dividend of £25.2m, the company said.

'The board expects that full year Underlying Profit Before Tax will be in line with current market expectations6. Our confidence in the future is underlined by continued growth in the dividend, and our ongoing investment in our own shares through the buyback programme,' said , Chief Executive Officer David Wild.

The Capital Group Companies, Inc. Increase their holding.

Oppenheimer sell some.

this was a long time fave of mine but have not now held for about 18 months
weak £ and rising wage costs and of course the short tenure of several FD's surely make this vulnerable rather than a buying oppotrunity

Yes me to certainly one to avoid at the moment.

Director appointment https://www.moneyam.com/action/news/showArticle?id=6161396

Black Rock add https://www.moneyam.com/action/news/showArticle?id=6169582

3rd Quarter https://www.moneyam.com/action/news/showArticle?id=6172328

figures are actually unexciting at best, so today's rise looks unwarranted

Up nearly 7.5% at the moment!