Reported 3 months ago
Shares of Australia's Domino's Pizza Enterprises dropped to a more than nine-year low as the company announced plans to close low-volume stores in Japan and France, resulting in a negative outlook on earnings. The stock fell by 9.6% to A$32.62, the lowest since February 2015, while the benchmark index remained stable. Analysts anticipate near-term negative effects on earnings due to store closures, with expectations for the company to achieve positive same-store sales in Japan and 3%-4% group store growth in fiscal 2026.
Source: YAHOO