(Reuters) -UK's Domino's Pizza Group reported a rise in third-quarter like-for-like sales on Tuesday, as higher prices, new products and loyalty initiatives helped sustain demand in a challenging consumer environment.
In early August, Domino's Pizza Group cut its 2025 core profit forecast as rising labour costs and weak consumer spending dampened growth, reflecting broader inflationary pressures and economic uncertainty in the UK.
The group, which operates under the umbrella of U.S.-based Domino's Pizza in the UK and Ireland, reported like-for-like system sales growth, excluding certain items, of 1% for the three-month period ended September 28, compared with a decline of 0.7% in the prior quarter.
Franchisees have been forced to increase prices alongside targeted value deals to partially mitigate higher wages and employee taxation, the company said in a statement.
Domino's Pizza Group maintained its expectations of delivering a core profit between 130 million pounds and 140 million pounds ($174.47 million to $187.89 million) for 2025.
($1 = 0.7451 pounds)
(Reporting by Raechel Thankam Job in Bengaluru; Editing by Janane Venkatraman and Subhranshu Sahu)