Australia's Domino's Pizza hits 10-1/2-year low; Japan CEO change leads to jitters

Dominos Pizza Enterprises

03/06/2025 07:03

** Shares of Domino's Pizza Enterprises DMP.AX fall as much as 3.6% to A$21.44 - lowest level since late November, 2014; last down 2%

** The pizza chain operator fell 5.1% and 2.7% in the past two sessions, respectively, trading near 10-1/2-year lows

** Japan accounts for just over a quarter of the company's total worldwide stores

** Co says Martin Steenks, CEO of Domino’s Japan will transition to COO for Japan; Asia CEO Josh Kilimnik to assume interim CEO responsibilities

     ** "Investors are essentially viewing the change in Japan leadership implying that the momentum in that market just hasn't improved," says Shaun Weick, deputy portfolio manager at Wilson Asset Management

** Stock down more than 26% this year, including the day's move

(Reporting by John Biju in Bengaluru)

((John.Biju@thomsonreuters.com;))