Domino's Pizza Enterprises CEO Has a Full Plate -- Market Talk

Dow Jones11-06

2250 GMT - Domino's Pizza Enterprises' new CEO has his plate full as he looks to address issues that Macquarie analyst Caleb Wheatley says include the fast-food franchiser's underperformance in France and Japan. Wheatley thinks that the appointment of Mark van Dyck from outside the business signals the potential for strategic change. He tells clients in a note that the CEO's focus will likely be on the Australian company's presence in France and Japan, broader store rollout targets, and improving franchisees' profitability. Macquarie cuts its target price 8.0% to A$32.20 and keeps a neutral rating on the stock. Shares are at A$31.60 ahead of the open. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

November 05, 2024 17:51 ET (22:51 GMT)

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