Domino's shares tank 31% after guidance downgrade

Domino's says it leads the pizza category in Australia and New Zealand for customer numbers.

Fri, 26 Jan 2024

Shares in Australian stock exchange-listed fast food giant Domino’s Pizza fell by nearly a third on Thursday after the company downgraded its guidance, despite sales in New Zealand and Australia hitting a six-year high.The update was issued late on Wednesday evening ahead of the release of its half-year results on Feb 21.On Thursday, its share price tanked, closing the day down 31% at A$39.51 (NZ$42.59)While the downgrade was driven by a weaker performance in some of its Asian markets, as well as France, the update showed its NZ and Austr...

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