Jack Cowin, the billionaire executive chairman of Domino’s Pizza Enterprises, has conceded that the decline in sales after the fast-food chain retreated from deep discounting was larger than expected, but says the business’s performance is improving.
In a trading update, Domino’s said group same-store sales fell 4.6 per cent between July and November compared with the same period in the year before, which was better than the 5.8 per cent decline recorded during the first eight weeks of this financial year.
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