Reported revenue rose 7% to 600.3 million pounds. On a positive note, Domino's interim Chief Executive Officer Elias Diaz Sese told Reuters the group's collections business is benefiting as more buyers collect their orders and seek to cut down charges from deliveries.Ĭollection orders in the fourth quarter of 2022 rose 28%, beating 4% annual growth in total orders.ĭelivery orders were down 8.5% from the prior year as a result of tougher comparisons as the group benefited from COVID-19 lockdowns in 2021.ĭomino's reported 2022 underlying core profit of 130.1 million pounds, compared with 136.4 million pounds in the previous year, affected by technology investments, higher costs and food inflation. Shares of London-listed Domino's, a franchisee of U.S.-based Domino's Pizza Inc (DPZ.N), fell as much as 10.2%, and were last down 9% at 259 pence as of 1000 GMT. While summer is heating up, we have just the recipe to cool you down. The brokerage also highlighted that Domino's expects underlying interest charges to come in the range of 15-18 million pounds this year, compared to its own estimate of 12 million pounds. With over a century of experience, Domino Sugar knows a lot about crafting. "The market may focus more on the incremental operating expenditure, which was previously going to be treated as capex," according to a note from Barclays. However, brokerage Jefferies, said the outlook including those investment costs, implied a 7% decline from expectations.ĭomino's said the investment costs are being reclassified from capital expenditure to operating expenditure, but this would have no impact on cash. The company said it expects underlying core profit this year to be within market expectations for 137.6 million pounds ($163.73 million), excluding about 9 million pounds from investments in two new cloud-based IT systems. Dominos Website Login/Pass Recovery down Anyone else having issues with login/passwords today All of our local Dominos are reporting HEAVY call-in orders. March 9 (Reuters) - Shares in Britain's Domino's Pizza Group (DOM.L) fell as much as 10% as the company's 2023 outlook disappointed due to higher interest costs and investments in technology. Domino's to incur 9 mln pounds in tech platform costs in 2023.
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