Here are three things you need to know in the financial markets this morning from investment writer, Tony Cross.
#1. Domino’s Pizza Group sales up 16% on 2020
Domino’s Pizza Group LON:DOM has published Q3 results this morning, which show continued growth for the company. Sales are up 10% for the quarter and more than 16% over the year to date, and now stand at more than 80% of the 2019 levels. The company heralds the strength of its supply chain despite inflationary pressures and staff shortages and has also taken the opportunity to announce that it is hiring 8,000 new colleagues across the country. The challenge there however is with over a million unfilled vacancies already, getting that away without applying cost pressures will be a challenge in itself.
#2. Hays fee growth up 44% from a year ago
Recruiter Hays LON:HAS has Q1 numbers out today, with fee growth looking to be fairly evenly spread across the globe, although the UK & Ireland is sitting just ahead, up 44% from a year ago. There’s also stronger growth being seen amongst permanent recruitment than temporary, whilst confidence in the current environment has seen the business reiterate its commitment to resuming dividend payments from next month and special dividend payments from next year. Shareholders will receive a combined payout of just over 10p per share in November.
#3. Dunelm Group Q1 year on year growth is up 8.3%
The market for soft furnishings continues unabated, with more growth being recorded in Dunelm Group’s LON:DNLM Q1 numbers. Year on year growth is up 8.3% and that’s against a very strong comparative. Industry-wide data also shows that the company continues to outperform the sector in terms of sales. Despite short term uncertainty, management remain convinced that in the absence of any significant change in consumer behaviour, full year profits will be in line with consensus expectations.
