Reported about 6 hours ago
Domino's Pizza Enterprises in Australia is experiencing significant stock gains after announcing the closure of 205 unprofitable stores, leading to expectations of annual savings of approximately A$15.5 million. Shares surged by up to 23.8%, marking the potential for the largest intraday increase in the company's history. With a positive start to the second half of fiscal 2025, same-store sales grew by 4.3%, and the company forecasted a net profit before tax between A$84 million and A$86 million for the first half.
Source: YAHOO