Domino’s, the takeaway pizza company, could announce an acceleration of its openings target at its half-year results on 23 July, a leading industry analyst has suggested.
Paul Hickman of Peel Hunt forecast a pre-tax profit of £22.4m and earnings per share of 10.1p, both growing by 11%, in line with his forecasts.
“Like-for-like sales, after bad weather and some major televisual events, especially the Euro 2012 competition, should be above their Q1 3.5%, probably around +5%, which would be a record for the last two years.
“We expect c20 openings, in line with last year. On-line delivery orders should be continuing above 50%.
“The key price mover would be information that factors other than LFL sales really are driving earnings growth. The most obvious would be an acceleration of the openings target following expansion of the property capability.”
