DMP News: Domino's Australia franchise slumps 7% as high costs take larger slice of profit - 21st Aug 2024, 11:41am

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(Reuters) - Shares in Australia-based Domino's Pizza Enterprises Ltd slumped more than 7% on Wednesday, after the franchise operator flagged a weak start to fiscal 2025, as rising costs and frugal consumers weighed on profitability.

Domino's Pizza Enterprises runs the largest master franchise of the U.S. pizza giant in 12 countries across Asia, Europe, Australia, and New Zealand, with a total of 3,767 stores. Japan accounts for just over a quarter of those stores.

High living costs, normalisat...

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