One Overview25 Jul 2017 12:16
I presume I am not the only one baffled by this share's fluctuations - and devastated by their impact on my holdings. Here below is the only outside summary I have seen of the morning's news so far. Hard to see much wrong.
Domino’s Pizza, down 7.9%. The takeaway pizza chain raised its interim dividend by 7.1% as it reported a strong rise in both revenue and profit, helped by the addition of 40 new store. Domino’s said pretax profit rose 13% in the 26 weeks ended June 25 to GBP46.2 million from GBP40.9 million the prior year, as revenue rose by 20% to GBP211.2 million from GBP176.4 million. The company increased its interim dividend to 3.75p per share from 3.50p a year before. It also said it intends to resume share buy-backs “shortly”. Analysts were concerned by Domino’s like-for-like sales growth of 2.4% for the first half, with Numis saying the figures were “soft” and Liberum saying a “declining like-for-like sales profile is impacting underlying margins”.