Domino's Australia operator eyes best day in a decade on store closures

Dominos Pizza Enterprises

06/02/2025 23:36

** Shares of Domino's Pizza Enterprises  DMP.AX  rise as
much as 20.7% to A$35.76, their biggest intraday rise since
February 11, 2015. Stock last up 20.1%
    ** The pizza maker says it will close 205 loss-making
stores, including 172 in Japan
    ** Sees annualised cost savings of A$15.5 million ($9.74
million) from store closures 
    ** Adds that same-store sales for the first five weeks of
the second half of fiscal 2025 were up 4.3%
    ** About 370,000 shares change hands vs the 30-day average
of around 310,000
    ** Stock up 20.9% this year, including the day's move


($1 = 1.5921 Australian dollars)

 (Reporting by Aaditya Govind Rao in Bengaluru)
 ((Aaditya.govindrao@thomsonreuters.com))