Domino's Pizza Group
DOM · Main Market · Travel and Leisure · mcap £905m · 217.0p 1 open situation →
Timeline · every situation
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Capital return
Capital allocation review
Framework set: organic growth, deleveraging, no M&A
Follows from CEO succession search – Frampton appointed permanent CEO, closed 31 Mar 2026
After the November 2025 CEO exit and the arrival of a new CFO, a capital allocation review began. It has now produced a framework: invest in the core, a progressive dividend with the interim about one-third of the total, deleveraging, and no acquisitions. Leverage is 2.3x within a 1.5x-2.5x range.
- Priority
- Invest in core business under rigorous capex hurdles
- Leverage
- 2.3x; net debt £290.1m; range 1.5x-2.5x, aiming for the lower end
- Acquisitions
- None anticipated; second brand deals ceased earlier
- Interim dividend
- 3.7p, up 2.8%; payable 25 September 2026
- Use of cash
- Debt and leverage reduction preferred
Next: progress on debt and leverage reduction
- 4 Aug 2026 Framework set: organic growth, deleveraging, no M&A
- 31 Mar 2026 Permanent CEO and new CFO now in place
- 10 Mar 2026 Second brand work ceased; review later in 2026
- 25 Nov 2025 Planned; second brand deal on hold
Closed · 6
Company filings. Not investment advice.