Domino's Pizza No Longer Expects International Business To Break-Even In 2019 [Reuters]
DOMINOS PIZZA U&I UNS/ADR (DPUKY)
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dominos.co.uk
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Source: Reuters
Domino's Pizza Group PLC (DOM.L) Key Developments | Reuters.com May 7 (Reuters) - Domino's Pizza Group PLC ::DOMINO'S PIZZA GRP - Q1 TRADING STATEMENT.ROBUST UK PERFORMANCE; INTERNATIONAL REMAINS DISAPPOINTING.YEAR HAS STARTED WELL ACROSS CORE UK AND REPUBLIC OF IRELAND MARKETS.WE REMAIN IN OPEN AND ONGOING DIALOGUE WITH UK FRANCHISEES.DOMINO'S PIZZA - GIVEN PERSISTENTLY WEAK SYSTEM SALES IN ALL INTERNATIONAL MARKETS WE NO LONGER EXPECT THIS PART OF BUSINESS TO BREAK-EVEN THIS YEAR.UK & ROI SYSTEM SALES WERE UP 4.8% IN QUARTER.DOMINO'S PIZZA GROUP-GIVEN PERSISTENTLY WEAK SYSTEM SALES IN ALL INTERNATIONAL MARKETS; NO LONGER EXPECT THIS PART OF BUSINESS TO BREAK-EVEN THIS YEAR.FURTHER TIGHTENING FOCUS ON INTERNATIONAL COSTS AND CAPITAL DEPLOYMENT.IN UK, SYSTEM SALES WERE UP 4.7%, WITH LIKE-FOR-LIKE GROWTH, EXCLUDING STORES IN SPLIT TERRITORIES, OF 3.1% IN QUARTER.QTRLY GROUP SYSTEM SALES £324.4M VERSUS £311.1M.OPENINGS CONTINUE TO BE IMPACTED BY ONGOING FRANCHISEE DISCUSSIONS. Reuters,
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