Dominos, the pizza delivery chain, published its fourth quarter update this morning and once again the overriding theme is that consumers aren’t looking as pressed as the media has been making out. The bulk of the company’s business is conducted in the UK (the US Dominos operates as a separate entity) and sales were up 10% on the same time last year, with the start of the X Factor final on December 2nd topping a great quarter’s results. It made for the biggest day of sales of the year, some 25% higher than an average Saturday night. Full year results are tipped to exceed expectations.
Popular polling company YouGov issued a brief half year update this morning ahead of the full year results which are due towards the end of March. The company is upbeat about the outlook, stating that earnings are expected to be higher than previous forecasts, with higher margin work and its growing presence in the US both serving to contribute to the success of the company.
Greencore is an international producer of convenience foods and has this morning posted its Q1 results. The company works on the basis of manufacturing products under its customers’ brands. A recent bout of capital investment is paying off with spending falling and output rising, whilst management continues to hone its product set, having recently announced it is selling its cakes and desserts business in the UK. Yes, the weak pound has helped boost numbers too, but even with a turn-around here, ongoing business efficiencies look set to deliver results.
