The Week Ahead: Will Domino's Q2 results show it powering ahead?

Domino's Pizza will be in focus this morning as the City finds out whether the fast-food chain has managed to sustain the pace of sales growth seen in the first quarter of the year.

House brokers Altium and Numis are upbeat, expecting the company's promotions, its sponsorship of ITV's popular reality television programme Britain's Got Talent, the football World Cup and relatively weak comparatives to underpin trading during the second quarter.

Analysts at Altium reckon that this morning's half-yearly numbers could "offer another opportunity for upgrades", noting that Domino's Q1 update at the end of March was "exceptionally positive, with like-for-like sales over the first 13 weeks ahead by a very impressive 10.5 per cent".

"Momentum within the business was such as that a continuation of double-digit sales growth throughout the second quarter is quite possible," the broker added in a preview last week.

Panmure Gordon was more cautious, however, pointing out that recent numbers from the UK's third-largest pizza delivery chain, Papa John's, showed a "modest slowdown" in the growth in like-for-like system sales over the second quarter.

"Papa John's is a very good proxy for Domino's," the broker said, pointing out that the pullback came despite the World Cup. "We think the market will be disappointed by a slowdown in like-for-like sales growth at Domino's in a quarter where comparatives are the easiest of the year and there is the beneficial impact of the World Cup."

Meanwhile, Panmure is anticipating news of at 49 per cent rise in revenues when Immunodiagnostic Systems, the Aim-listed manufacturer of specialist diagnostic-testing kits, posts its full-year figures this morning. Revenues are expected to jump to £37.1m, which would put them in line with the company's trading update in April. Pre-tax profits are forecast to come in at £10.2m, which should result in earnings of 27.7p per share.

Results/Updates: Hyder Consulting, Immunodiagnostic Systems and Domino's Pizza UK & Ireland.



Tomorrow

The luxury goods group Burberry is due to issue a first-quarter trading statement and UBS is eyeing £261m in sales. If achieved, that would equate a 14.1 per cent increase on the year.

According to the broker: "Organic top-line growth of 10.2 per cent should be compounded further by a 4 per positive impact from currencies",

Beyond the numbers, UBS expects Burberry's management to remain confident about the retailer's outlook in what remains a mixed business environment, with "strong growth areas like Asia expected to be at least partly offset by pressure stemming from the austerity measures taken in large parts of Western Europe".

Also tomorrow, the IT company Computacenter is due to issue a pre-close update, and Panmure expects the company's trading to be in line with expectations.

The broker said: "While the outlook is likely to be described as 'uncertain', there should be plenty of positive operational signs. However, the mix of economy, public-sector-spending uncertainty and a slow services business is likely to make this normally reticent management team guide to no changes for full year forecasts."

Results/Updates: Northern Foods, Computacenter and Burberry.



Wednesday

Numis is looking forward to a "reassuring update" from the housebuilder Barratt Developments. Pressured by the recent equity-market falls and growing concern about the strength of the housing-market recovery, the sector has been under pressure in recent months.

Numis expects Barratt to soothe nerves by confirming that sales have been in line with expectations, and that prices have continued to hold firm or improve. It said: "In our view, the main take away from the results will be the second-half operating margin, which we expect to hit 5.6 per cent (up from 2.7 per cent in the first half) as the group benefits from cost savings, house-price inflation and re-planning."

Numis believes there is a also strong chance of Barratt beating expectations about its net debt position.

Results/Updates: ASOS, Ashmore, Fresnillo, Rio Tinto, London Stock Exchange and Barratt Developments.



Thursday

Mothercare is due to issue a Q1 update at its annual general meeting. UBS is looking for total sales growth of 3 per cent, with UK like-for-like sales expected to be 2 per cent lower. "This low, single-digit, top-line growth reflects challenging trading conditions in the UK, which is partly compensated for by continued strong space growth for its international franchise network," the broker said. It forecasts that Mothercare's international retail sales will have grown by 20 per cent.

Results/Updates: Supergroup, Experian, Premier Oil and Mothercare.



Friday

Results/Updates: Record and Bluebay Asset Management.

Start your day with The Independent, sign up for daily news emails
Life and Style
Steve Shaw shows Kate how to get wet behind the ears and how to align her neck
healthSteven Shaw - the 'Buddha of Breaststroke' - applies Alexander Technique to the watery sport
Sport
footballShirt then goes on sale on Gumtree
Voices
Terry Sue-Patt as Benny in the BBC children’s soap ‘Grange Hill’
voicesGrace Dent on Grange Hill and Terry Sue-Patt
Arts and Entertainment
The sight of a bucking bronco in the shape of a pink penis was too much for Hollywood actor and gay rights supporter Martin Sheen, prompting him to boycott a scene in the TV series Grace and Frankie
tv
News
ebookA unique anthology of reporting and analysis of a crucial period of history
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

iJobs Job Widget
iJobs Money & Business

Guru Careers: Software Developer / C# Developer

£40-50K: Guru Careers: We are seeking an experienced Software / C# Developer w...

Neil Pavier: Management Accountant

£45,000 - £55,000: Neil Pavier: Are you looking for your next opportunity for ...

Sheridan Maine: Commercial Accountant

£45,000 - £55,000: Sheridan Maine: Are you a newly qualified ACA/ACCA/ACMA qua...

Laura Norton: Project Accountant

£50,000 - £60,000: Laura Norton: Are you looking for an opportunity within a w...

Day In a Page

Abuse - and the hell that came afterwards

Abuse - and the hell that follows

James Rhodes on the extraordinary legal battle to publish his memoir
Why we need a 'tranquility map' of England, according to campaigners

It's oh so quiet!

The case for a 'tranquility map' of England
'Timeless fashion': It may be a paradox, but the industry loves it

'Timeless fashion'

It may be a paradox, but the industry loves it
If the West needs a bridge to the 'moderates' inside Isis, maybe we could have done with Osama bin Laden staying alive after all

Could have done with Osama bin Laden staying alive?

Robert Fisk on the Fountainheads of World Evil in 2011 - and 2015
New exhibition celebrates the evolution of swimwear

Evolution of swimwear

From bathing dresses in the twenties to modern bikinis
Sun, sex and an anthropological study: One British academic's summer of hell in Magaluf

Sun, sex and an anthropological study

One academic’s summer of hell in Magaluf
From Shakespeare to Rising Damp... to Vicious

Frances de la Tour's 50-year triumph

'Rising Damp' brought De la Tour such recognition that she could be forgiven if she'd never been able to move on. But at 70, she continues to flourish - and to beguile
'That Whitsun, I was late getting away...'

Ian McMillan on the Whitsun Weddings

This weekend is Whitsun, and while the festival may no longer resonate, Larkin's best-loved poem, lives on - along with the train journey at the heart of it
Kathryn Williams explores the works and influences of Sylvia Plath in a new light

Songs from the bell jar

Kathryn Williams explores the works and influences of Sylvia Plath
How one man's day in high heels showed him that Cannes must change its 'no flats' policy

One man's day in high heels

...showed him that Cannes must change its 'flats' policy
Is a quiet crusade to reform executive pay bearing fruit?

Is a quiet crusade to reform executive pay bearing fruit?

Dominic Rossi of Fidelity says his pressure on business to control rewards is working. But why aren’t other fund managers helping?
The King David Hotel gives precious work to Palestinians - unless peace talks are on

King David Hotel: Palestinians not included

The King David is special to Jerusalem. Nick Kochan checked in and discovered it has some special arrangements, too
More people moving from Australia to New Zealand than in the other direction for first time in 24 years

End of the Aussie brain drain

More people moving from Australia to New Zealand than in the other direction for first time in 24 years
Meditation is touted as a cure for mental instability but can it actually be bad for you?

Can meditation be bad for you?

Researching a mass murder, Dr Miguel Farias discovered that, far from bringing inner peace, meditation can leave devotees in pieces
Eurovision 2015: Australians will be cheering on their first-ever entrant this Saturday

Australia's first-ever Eurovision entrant

Australia, a nation of kitsch-worshippers, has always loved the Eurovision Song Contest. Maggie Alderson says it'll fit in fine