Trading Statements 

Domino's concerns persist, despite strong third quarter

Domino's concerns persist, despite strong third quarter

Could things be on the up for Domino’s Pizza (DOM)? The shares rose by close to 14 per cent on the day management issued a better-than-expected third-quarter update. Like-for-like sales in the UK – up 8.1 per cent in the period – surged past the forecast 3.5 per cent growth rate. That's compared with a 1.6 per cent improvement during the preceding quarter. Internationally, where Domino’s spans Iceland, Switzerland and parts of the Nordic region, like-for-like sales were up a fifth. Given this renewed momentum, analysts believe the group could hit its annual targets, even if like-for-like sales were flat during the fourth quarter.

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