Domino's Pizza Enterprises shares plummet to 9-year low due to Japan and France store closures.
Australia's Domino's Pizza Enterprises shares slumped to a more than nine-year low as investors reacted to the company's decision to close low-volume stores in Japan and France. The company expects store growth to be flat to slightly positive in its current fiscal year, and will close up to 80 stores in Japan and 10-20 in France. Despite the company's focus on improving store profitability, the near-term outlook has led to a decrease in investor expectations.
July 17, 2024
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