It says something about Domino's Pizza's growth record when a 7.9 per cent increase in third-quarter sales is considered disappointing enough to send the shares down by more than 5 per cent. With the help of the Olympics, most analysts had hoped for more from the company's traditionally quiet three-month period.
IC TIP:
Hold
at
541p
The company has a busy final quarter ahead of it, though, with marketing spending expected to increase significantly and 38 new store openings needed to hit its target of 72 new stores for the year. Broker Numis Securities predicts full-year EPS of 21.3p, rising 11 per cent to 23.7p in 2013.
