
Domino's Pizza Group in the UK has forecast its annual profit to be at the lower end of market expectations due to a slowdown in sales. For the second quarter, the company reported a year-on-year increase in comparable orders of 0.6%, with delivery orders up by 1.1%. However, overall reported orders saw a slight increase of 0.1%, while half-year comparable orders decreased by 0.1% and reported orders fell by 0.9%. System sales rose by 0.2%, but revenue declined by 1.8%. The company's underlying EBITDA grew by 0.4%, and earnings per share increased by 3.2%. Domino's also announced plans to expand local deals as food costs decline, despite facing pressure from increased franchisee support and customer deals. Following the announcement, shares of Domino's fell by 4.7%. Meanwhile, other companies in the UK, such as CTD and Travis Perkins, are facing challenges, with CTD on the brink of collapse and Travis Perkins cutting its annual earnings outlook.
Domino’s Pizza promises more local deals as food costs fall https://t.co/tV3noEIk4C
UK Domino's sees hit to profits by boost in franchisee support, customer deals https://t.co/BdeExamW4x https://t.co/yIJQXa1bbY
Domino's shares down on weak results, lowered EBITDA outlook https://t.co/q8vNT2mitn https://t.co/hWfHxpbdQB


