Australia's Domino's Pizza jumps as HY results meet consensus view

Dominos Pizza Enterprises

21/02/2024 24:22

** Shares of Domino's Pizza Enterprises Ltd  DMP.AX  rise as
much as 4.5% to A$41.390, set for biggest pct jump since Aug 23
if current gains hold
    ** Fast food retailer posts HY proforma net profit after tax
A$62.3 mln ($40.79 mln), broadly in line with A$62.5 mln
consensus estimate of Visible Alpha
    ** HY revenue from ordinary activities up 11% to A$1.27 bln 
 
    ** Lack of improvement in franchisee profitability could
mean that rollout disappoints for longer than expected - Citi
analysts 
    ** More than 2.1 mln shares change hands, 4 times the 30-day
average volume 
    ** Stock down 32.8% this year, as of last close

($1 = 1.5272 Australian dollars)

 (Reporting by Poonam Behura in Bengaluru)
 ((Poonam.Behura@thomsonreuters.com;))