Domino's Pizza Q3 System Sales Rise; Sees FY Profit In Middle Of Market Range

(RTTNews) - Domino's Pizza Inc. (DOM.L) reported Thursday that its third-quarter Group system sales increased 5.9% to 303.3 million pounds from 286.4 million pounds last year, with continued growth in all markets. Organic sales increased 6 percent.

UK & ROI system sales grew 6.1% organically to 277.3 million pounds. UK LFL sales went up 2.2%.

International system sales grew 5.8 percent organically to 26 million pounds with good operational progress in international markets.

The company has 1,236 stores group-wide, with 23 new stores opened in third quarter, including 20 in the UK.

The stores would hire 5,000 additional Christmas colleagues to provide great service to customers.

Given the strength of balance sheet and the highly cash generative nature of the business, the Board has approved a further 25 million pounds of share buybacks, to commence immediately.

Looking ahead, the company expects full-year underlying profit before tax to be in the middle of the range of market expectations.

David Wild, Chief Executive Officer, said, "Our businesses continue to trade well, despite the evident uncertainty among UK consumers, and hot weather across Europe for much of the quarter."