Domino's shares are tanking

A Domino’s pizza branch in Calais, northern France. Philippe Huguen/AFP/Getty Images)

Shares in Domino’s Pizza fell hard despite the company posting record underlying profit for the full year.

A short time ago, shares were down 5% to $73.10.

Network sales were up 32.7% to $1.964 billion and underlying profit after tax was ahead of guidance at $92 million, a 43.6% rise and a record.

However, after adding in the costs of buying Sprint Pizza in France and Joey’s in German, statutory profit was up 28.7% to $82.427 million, slightly below expectations.

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