DMP News: Australia's Domino's Pizza slumps to over 9-year low on bleak store growth view - 18th Jul 2024, 11:14am

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By Ayushman Ojha

(Reuters) - Shares in Australia's Domino's Pizza Enterprises hit a more than nine-year low on Thursday, as analysts cut their earnings outlook after the company decided to close low-volume stores in Japan and France.

Domino's stock fell as much as 9.6% to A$32.62 by 0052 GMT, its lowest since February 2015, while the benchmark index was largely unchanged.

The pizza maker said after market close on Wednesday it expects store growth to be flat to slightly positive in its curren...

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