Domino's Pizza backs full-year guidance

(Sharecast News) - Domino's Pizza backed its full-year guidance on Monday ahead of an investor event. In a brief statement, the company confirmed that it still expects FY23 underlying earnings before interest, tax, depreciation and amortisation of between £132m and £138m. It also still expects to open at least 60 new stores this year.

Chief executive Andrew Rennie said: "It is clear from my first 100 days that the business is well placed, I have been hugely impressed by the calibre of our franchise partners and colleagues, and we have a strong platform from which to grow. Material progress has been made in recent years but there are a number of areas where we can significantly enhance growth.

"Today I will set out my thoughts on what I've found so far, and what I see as the key drivers of growth moving forward, all of which will benefit our shareholders and franchise partners, while advancing our corporate purpose of delivering a better future through food people love."