Investors in Domino’s Pizza Group breathed a sigh of relief yesterday as fears that it might report a decline in like-for-like sales proved unfounded.
Shares of the pizza delivery company, which also announced a £25m share buyback, rose by 16½p to 277¼p, up 6.3%, as it reported third-quarter growth in Britain of 2.2% and reaffirmed its recently reduced full-year opening target of 60 new stores.
Given the tough comparative trading in the same quarter last year, when like-for-like sales grew by 8.1%, some investors had been braced for a decline this time around.
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