By Elena Vardon

Domino's Pizza Group started a share-buyback program for up to 20 million pounds ($27 million).

The pizza chain--the holder of the master franchise agreement to own, operate and franchise Domino's stores in the U.K. and Ireland--said the buyback started on Monday and will run until completion. The company will review the program later in the year, it added.

"This will enable DPG to take advantage of the opportunity to purchase shares in meaningful size at current share price levels generating attractive returns for shareholders," it said. Shares last traded at 195.3 pence and have fallen 38% since the start of the year.

DPG also backed its recently lowered expectations for the year. In August, it cut its underlying earnings before interest, taxes and amortization guidance--which it expects to come in between 130 million to 140 million pounds--due to weak consumer confidence, increasing employment costs, and uncertainty ahead of the U.K. government's autumn statement.

Net debt is now expected at between 280 million and 300 million pounds, it added on Monday.

Write to Elena Vardon at elena.vardon@wsj.com

(END) Dow Jones Newswires

September 01, 2025 02:30 ET (06:30 GMT)

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