Domino's Australian franchise operator falls after parent company posts weak international sales

Dominos Pizza Enterprises

28/04/2026 06:03

** Shares of Australia's Domino's Pizza Enterprises DMP.AX fall as much as 10.6% to A$15.87, their biggest intraday pct drop since February 25

** Stock touches its lowest level since April 7

** Stock among top losers in benchmark ASX 200 index .AXJO, which is down 0.6%, as of 0453 GMT

** Domino's Pizza, Inc DPZ.O, parent company of DMP, announced first-quarter results on Monday, posted weakness in international same-store sales growth (SSS) by 0.4%

** "Excluding headwind on comp sales from DMP in quarter, we would have met our expectations," DPZ said in its earnings call

** However, Citi says DMP has potential to show improvement in SSS for next trading update, cites increase in discounting, among others

** Citi maintains stock rating "neutral", keeps PT at A$17.5

** Avg rating of 15 analysts suggest "hold"; their median PT is A$19, LSEG-compiled data shows

** Stock down 24%, YTD

 (Reporting by Aamir Sheik Khalid in Bengaluru)

 ((Aamir.SheikKhalid@thomsonreuters.com))