Slower Store Rollout at Domino's Pizza Enterprises Raises Alarm -- Market Talk

Dow Jones04-15

2317 GMT - Management at Domino's Pizza Enterprises recently flagged that its organic store growth target of 7%-9% will be difficult to achieve in FY 2025, and that it is turning its focus from store growth to improving profitability in certain markets. But this is raising alarm from Macquarie analysts, who point out that store openings have been a key growth driver for Domino's in the past. Macquarie figures that annual store growth is tracking at just 2.1% right now. Macquarie cuts its earnings forecast for Domino's by 3-5% over the next few years, driven in part by softer expectations for store rollout, though it retains a neutral rating. (mike.cherney@wsj.com; @Mike_Cherney)

(END) Dow Jones Newswires

April 14, 2024 19:17 ET (23:17 GMT)

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Macquarie figures that annual store growth is tracking at just 2.1% right now. Macquarie cuts its earnings forecast for Domino's by 3-5% over the next few years, driven in part by softer expectations for store rollout, though it retains a neutral rating. 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