Australia's Domino's Pizza Enterprises falls on soft start to FY25

Dominos Pizza Enterprises

21/08/2024 02:28

** Shares of Domino's Pizza Enterprises  DMP.AX  fall as
much as 7.3% to A$30.970, their lowest level since Aug. 9
    ** Stock posts its biggest intraday pct loss since Aug. 2
    ** Co says it sees FY25 sales slightly below expectations
with H1 FY25 same-store sales so far down 1.3%
    ** Says Japan sales so far negative in 1H25, while Malaysian
sales expected to be negative until 2Q FY25 
    ** Reiterates return to 7%-9% store growth will not be
achieved in FY25 or FY26
    ** Co posts 136.5% rise in FY24 profit from ordinary
activities after tax attributable, while rev up 2.7%
    ** Declares final dividend of 50.4 AU cents
    ** Stock down 43.3% YTD, as of last close

 (Reporting by John Biju in Bengaluru)
 ((John.Biju@thomsonreuters.com;))