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Feb 22 (Reuters) - Australia's Domino's Pizza Enterprises reported a 28.3% fall in first-half profit on Wednesday, hurt by a drop in orders as price rises due to inflation affected consumer spending, sending its shares 24.3% lower to post a record drop.
"Given the challenging conditions and the effect on our franchisees, we felt it was necessary to lift prices, including applying some surcharge," Chief Executive Officer Don Meji said.
The pizza ch...
>>> Read more: UPDATE 1-Australia's Domino's Pizza profit slumps on price hikes; shares tank
Feb 22 (Reuters) - Australia's Domino's Pizza Enterprises reported a 28.3% fall in first-half profit on Wednesday, hurt by a drop in orders as price rises due to inflation affected consumer spending, sending its shares 24.3% lower to post a record drop.
"Given the challenging conditions and the effect on our franchisees, we felt it was necessary to lift prices, including applying some surcharge," Chief Executive Officer Don Meji said.
The pizza ch...
>>> Read more: UPDATE 1-Australia's Domino's Pizza profit slumps on price hikes; shares tank
