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By Radhika Anilkumar
(Reuters) - Britain's Domino's Pizza Group lowered its full-year profit outlook on Tuesday as it decided to pass on expected lower food costs to franchisees and offer more value deals to customers.
The franchise of U.S. based Domino's Pizza said it new expected adjusted annual core profit at the lower end of market expectations. In May, it predicted its profit to come within the forecasted range.
The company's shares, which rose nearly 5% in early trade, were down more th...
>>> Read more: UK Domino's sees hit to profits by boost in franchisee support, customer deals
(Reuters) - Britain's Domino's Pizza Group lowered its full-year profit outlook on Tuesday as it decided to pass on expected lower food costs to franchisees and offer more value deals to customers.
The franchise of U.S. based Domino's Pizza said it new expected adjusted annual core profit at the lower end of market expectations. In May, it predicted its profit to come within the forecasted range.
The company's shares, which rose nearly 5% in early trade, were down more th...
>>> Read more: UK Domino's sees hit to profits by boost in franchisee support, customer deals
