Aussie pizza maker Domino's slips; Jarden says Japan still a snag

Dominos Pizza Enterprises

22/05/2024 04:59

** Shares of Australia's Domino's Pizza Enterprises  DMP.AX 
fall as much as 1.1% to A$36.73 to hit lowest since April 16
    ** Analysts at Jarden say improvement in the pizza maker's
Japan operations will take time
    ** Brokerage says Japan remains challenged with industry
numbers softer into April, via weaker customer growth and more
promotions; adds DMP losing market share locally
    ** Jarden however believes the worst is behind for the group
as it has taken steps to improve cost base
    ** Brokerage says the macro is looking better for DMP as
initiatives gain momentum and costs and cash remain well
controlled
    ** Stock has fallen 37% this year as of last close 

 (Reporting by Rishav Chatterjee in Bengaluru)
 ((Rishav.Chatterjee@thomsonreuters.com;))