LONDON (ShareCast) - (Sharecast News) - Domino's Pizza Group has announced a £20m share buyback as it makes the most of a big plunge in its share price over recent weeks.
The UK-based master franchise of the American fast-food chain had hinted at the resumption of share buybacks at its half-year results in early August. It said that while acquiring a second brand remained a core part of its strategy, if no acquisition was announced by the end of 2025 then it would restart repurchasing shares.

However, following a 20% drop in the shares over the past four weeks - DPG cut full-year core profit guidance due to a tougher operating environment and weaker consumer confidence. - the company said on Monday it has decided to "take advantage of the opportunity to purchase shares in meaningful size at current share price levels generating attractive returns for shareholders".

"The directors of DPG remain confident in the prospects for DPG's highly cash generative, resilient and market-leading business, with a robust financial position and its strategy to create shareholder value which is underpinned by its existing capital allocation framework," the pizza delivery group said in a statement.

The share buyback will be reviewed later in the year.

The company added that, while most full-year expectations remain unchanged, net debt is now expected to be higher than previously expected at £280m-300m, up from last month's guidance of £260m-280m.

The stock closed Friday's session at 195.6p, down 20.5% since the day before its interim report on 5 August and down 37% since the start of the year.

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