Australian Domino's operator eyes worst day in six months on lower annual sales
BUZZ-Australian Domino's operator eyes worst day in six months on lower annual sales ** Shares of Australia's Domino's Pizza Enterprise DMP.AX drop as much as 12.8% to A$17.52, their steepest intraday pct drop since February 25
** Stock hits lowest level since July 29
** Pizza franchise operator posts a 6.8% decline in annual network sales to A$3.87 billion ($2.78 billion) and an 11.2% drop in FY26 revenue to A$2.05 billion
** Same store sales slipped 4.7% and 6.7% in Australia-New Zealand and Asia, respectively, due to moderating volumes and lower revenue reflecting closure of underperforming stores in Japan
** DMP says up to 60 stores to be closed across Europe, Australia, New Zealand and Asia
**About 683,852 shares exchange hands, ~1.7x the 30-day average
** Stock widens YTD losses to 16.1%
($1 = 1.3930 Australian dollars)
(Reporting by Rudrannsh Mehra in Bengaluru)
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Australian Domino's operator eyes worst day in six months on lower annual sales