(Reuters) -Britain's Domino's Pizza Group reaffirmed its annual earnings forecast and launched a 20 million-pound ($27 million) share buyback programme on Monday. Last month, the company cut its 2025
Domino's Pizza UK Confirms 2025 Earnings Outlook and Initiates $27M Buyback
Domino's Pizza UK Financial Outlook
(Reuters) -Britain's Domino's Pizza Group reaffirmed its annual earnings forecast and launched a 20 million-pound ($27 million) share buyback programme on Monday.
Earnings Forecast Adjustments
Last month, the company cut its 2025 core profit forecast to 130 million-140 million pounds, down from 141 million-150 million pounds, citing high costs and subdued customer demand.
Consumer Spending Trends
Consumers in UK are tightening their purse strings amid persistent inflation, shifting weather and higher prices as companies pass on costs.
Future Sales Expectations
The company will raise prices to offset the higher wage bills and increased National Insurance contributions, CEO Andrew Rennie had told Reuters in August.
Analysts at Peel Hunt expects the company's like-for-like sales to pick up next year, helped by the full roll out of its loyalty programme, FIFA World Cup and better weather.
($1 = 0.7402 pounds)
(Reporting by Raechel Thankam Job in Bengaluru; Editing by Sumana Nandy and Mrigank Dhaniwala)
