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Jan, 31 2018

UK's Domino's predicts profit above estimates after Q4 sales boost

The annual pretax profit would be slightly ahead of market expectations.

Britain's biggest pizza delivery firm Domino’s stated that the annual pretax profit would be slightly ahead of market expectations as it posted an 18.2 percent jump in fourth-quarter sales.

The company, which has most of its 1,192 stores in the UK but , operates in Ireland, Switzerland and Germany also, said group system sales for the 13 weeks to Dec. 24 rose to 321.8 million pounds ($451 million) from 272.4 million pounds a year ago.

Orders rose sharply since the launch of British television music competition X Factor as more people ordered food at home increasing the sales at UK stores open over a year rose 6.1 percent during the 13-week period, the company said.

 

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