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

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.


