Too Early for Answers From New Domino's Pizza Enterprises CEO -- Market Talk

Dow Jones11-08

2356 GMT - The market may have found Domino's Pizza Enterprises CEO's first call with investors uninspiring, but it's too soon to expect all answers to the fast-food chain's challenges, says Jefferies. Mark van Dyck, taking over from veteran CEO Don Meij, didn't commit to previous guidance. Analyst Michael Simotas says that suggests more risk to earnings in the near term. Also, Jefferies points out that van Dyck has only been in the role for three days and hasn't formulated a plan. "However, he is clearly a change agent, which the business needs, talks the right language on franchisee profitability and his view of system profitability points to material earnings upside," Jefferies says. It retains a buy call on Domino's.(david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

November 07, 2024 18:56 ET (23:56 GMT)

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