Domino's UK Sees Profit Surge Fueled by World Cup Sales

WHO:

AOL.com - Domino's Pizza Group, CEO Nicola Frampton, Panmure Liberum analyst Wayne Brown

Reuters - U.S.-based Domino's Pizza

WHAT:

AOL.com - The group posted underlying EBITDA of £66.2 million ($88.86 million) for the 26 weeks ended June, above the £63.9 million reported a year earlier.

AOL.com - "We have carried positive momentum into July and, with our major cost lines hedged through 2026 and into next year, remain confident in delivering our full-year expectations," said CEO Nicola Frampton.

AOL.com - Domino's Pizza Group reported a 3.6% rise in first-half profit.

AOL.com - The group posted underlying EBITDA of £66.2 million ($88.86 million) for the 26 weeks ended June.

AOL.com - Total system sales came to £825.3 million in the first half, up over 6% year-on-year.

AOL.com - Domino's shares gained nearly 18% so far this year and were up about 1.8% at 207.8 pence.

WHERE:

AOL.com - The group operates in the UK and Ireland.

WHEN:

AOL.com - The earnings report covers the 26 weeks ended June.

WHY:

AOL.com - Official data showed British retail sales were boosted in June by the soccer World Cup, as fans spent on food and other things despite concerns over the cost of living.

AOL.com - The profit increase was helped by solid demand for pizzas during the soccer World Cup and new products like Chick 'N' Dip.

AOL.com - Broader constraints in consumer budgets were due to the surge in energy prices driven by the Iran war.

HOW:

AOL.com - The company has major cost lines hedged through 2026 and into next year.

AOL.com - The company has major cost lines hedged through 2026 and into next year.

AOL.com reports that a company has posted an underlying EBITDA of £66.2 million, or about $88.86 million, for the 26 weeks ending in June, which is an increase from £63.9 million a year earlier. CEO Nicola Frampton expressed confidence in meeting full-year expectations, noting that the company has maintained positive momentum into July and has major cost lines hedged through 2026 and into next year. Additionally, official data indicates that British retail sales saw a boost in June, driven by the soccer World Cup, as fans splurged on food and other items despite ongoing concerns about the cost of living.