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 Updates
** Shares of Australia's Domino's Pizza Enterprise DMP.AX drop as much as 13.5% to A$17.37, 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
** UBS analysts point to weak same store sales growth in first eight trading weeks and Europe sales due to extreme heat in the Netherlands
**About 683,852 shares exchange hands, ~1.7x the 30-day average
** Stock widens YTD losses to 10.8%
($1 = 1.3930 Australian dollars)
(Reporting by Rudrannsh Mehra and Nichiket Sunil in Bengaluru)
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Australian Domino's operator eyes worst day in six months on lower annual sales