Overseas Costs Drag on Profits at Domino’s Pizza; Shares Slide

Overseas Costs Drag on Profits at Domino’s Pizza; Shares Slide
A Domino's Pizza restaurant is seen in Los Angeles, California, U.S. ON July 18, 2018. Reuters/Lucy Nicholson
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Rising overseas costs, particularly in Norway, overshadowed an improvement in sales at Domino’s Pizza Group, pushing first-half pre-tax profit down almost 10 percent and sending the company’s shares to an 11-month low.

Domino’s has been focusing on its online and overseas businesses but has struggled to control in-store costs, especially in Norway where it has 34 own-brand stores and is converting the Dolly Dimple stores it acquired in 2017.