0117 GMT - Domino's Pizza is facing external headwinds, including geopolitical risks, along with the challenge to rebuild its business spanning France, Japan and Taiwan, says UBS analyst Shaun Cousins in a note. Japan in particular has "too many immature stores," reckons UBS. While Domino's says its staying the course in that country, UBS sees that growth is likely to remain limited for longer. The investment bank keeps its forecasts for FY 2024-FY 2025 earnings per share unchanged but cuts its expectations for FY 2026-FY 2027 by 2.5% and 2.8%, respectively due partly to lower store growth. UBS keeps its neutral call. (alice.uribe@wsj.com)
(END) Dow Jones Newswires
April 15, 2024 21:17 ET (01:17 GMT)
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