Today’s news in brief – 06/08/24

Domino’s has downgraded its FY profit forecast, as PBT plummeted 35.2% to £59.4m as total orders were down 0.9% compared with the same period last year. As a result, group revenues were down 1.8% to £326.8m in the half-year period, with lower supply chain revenue offset by increased corporate store revenue following the acquisition of Shorecal. 

Papa John’s has appointed Todd Penegor as its new president and CEO. Penegor succeeds interim CEO Ravi Thanawala in the role. Having most recently served as president and CEO of Wendy’s, Penegor has 20 years of experience in the restaurant and consumer goods industry. At Wendy’s, he achieved “substantial” growth in sales and earnings. 

Wingstop will be offloading its UK business, according to Sky News, in response to unsolicited expressions of interest from potential buyers. The sale is being considered as Wingstop prepares to launch its 50th outlet in the UK. It is aiming to have 57 sites open by the end of the year, with substantial room for further growth.

UKH has published a support hub for businesses affected by the riots that have descended upon towns and high streets over the weekend (3 and 4 August). The hub includes advice on compensation for victims of criminal damage or loss during a riot, and when business activity should stop as a result of riot activity.