DOMINO'S PIZZA UK & IRL (DOM).

Investors Chronicle, March, 2006

Returning cash to shareholders has become a major theme for Domino's. The 38 per cent dividend increase that accompanied these results followed an GBP8.2m share buy-back. In fact, chief executive Stephen Hemsley points out that, over the past two years, the company has produced pre-tax profits of GBP20m and returned GBP15.2m to shareholders.

But despite the cash returns, growth continues at a heady rate. Fifty new stores were opened in the period, bringing the total to 407, and the same number of openings is planned for this year. And in its existing stores, like-for-like sales rose 7.1 per cent thanks to new product launches and expansion into a new (and higher spending) customer base via the internet. The only cause for concern is a scheme that helps...

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