Domino's Pizza Group's Store-Opening Plans, Initiatives Look Positive -- Market Talk

Dow Jones05-01

0828 GMT - Domino's Pizza Group delivered a negative first-quarter performance, but store rollout is seen as an indicator for its medium-term health, Numis analysts Richard Stuber and Tim Barrett write in a research note. The pizza chain--the holder of the master franchise agreement to own, operate and franchise Domino's stores in the U.K. and Ireland--still expects to open more than 70 stores this year, with 38 stores under construction or with planning permission, the analysts say. The company's initiatives including its GBP4 lunch offer, loyalty trial and Uber Eats rollout support management's reiteration of its full-year earnings guidance, they add. Shares are down 0.9% at 322.80 pence. (najat.kantouar@wsj.com)

(END) Dow Jones Newswires

May 01, 2024 04:28 ET (08:28 GMT)

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The company's initiatives including its GBP4 lunch offer, loyalty trial and Uber Eats rollout support management's reiteration of its full-year earnings guidance, they add. Shares are down 0.9% at 322.80 pence. 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The company's initiatives including its GBP4 lunch offer, loyalty trial and Uber Eats rollout support management's reiteration of its full-year earnings guidance, they add. Shares are down 0.9% at 322.80 pence. 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