Domino’s Pizza UK cuts full-year outlook, launches new buyback

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(Reuters) – Domino’s Pizza Inc’s (DPZ.N) UK franchise Domino’s Pizza Group (DOM.L) trimmed its full year forecast for pretax profit in line with market expectations on Wednesday while announcing a new 25 million pounds share buyback plan.

A call out mechanic fixes a Dominos delivery scooter in the Clapham district of London, Britain June 8, 2018. REUTERS/Simon Dawson

The company said it now expects pretax profit to be in the middle of the range of market expectations that it calculates as between 93 million and 99.6 million pounds.

It said in August it was on course to meet a higher previous company-compiled consensus of between 95.9 million pounds and 101.4 million pounds.

Reporting by Karina Dsouza in Bengaluru

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