Domino's Pizza shares fall 10% as interest and tech costs bite  

In Ireland, the company's earnings statement includes its investment in a new supply chain in Naas and notes  the extension of the lower Vat rate of 9% on hot takeaway food 
Domino's Pizza shares fall 10% as interest and tech costs bite  

Domino's Pizza expects underlying core profit to be within market expectations of €155m.

The London-listed shares in Domino's Pizza, which operates outlets in Britain and Ireland, fell as much as 10% as the company's 2023 outlook disappointed due to higher interest costs and investments in technology.

The company said it expects underlying core profit this year to be within market expectations for £137.6m (€155m), excluding about £9m from investments in two new cloud-based IT systems. London-listed Domino's is a franchisee of US-based Domino's Pizza Inc. 

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