Domino's surprises at home

Not only were flat adjusted pre-tax profits of £93.4m in line with Domino’s Pizza (DOM) January guidance, but strong profitability in the UK and Ireland – a market that accounts for 90 per cent of Domino’s entire business – managed to prompt a share price bounce on results day. System sales grew by 7 per cent to £1.16bn, driven by a 4.6 per cent improvement in UK like-for-like sales and a 4 per cent improvement across the Republic of Ireland. Operating profits across the UK and Ireland also mirrored this, rising 8.4 per cent.