Domino's Pizza Enterprises Ramps Up Japan Store Closures
Domino's Australia franchise surges on store closures, upbeat start to second half of fiscal 2025
Shares of Australia's Domino's Pizza Enterprises were heading for their biggest intraday jump ever on Friday, after the pizza chain operator flagged the closure of 205 loss-making stores and signalled a positive start to the second half of fiscal 2025.
Domino's Pizza Enterprises Shares Jump More Than 22% on Closures
After about an hour of Friday's session, the stock was 22% higher at A$36.14 and on course for its best day since 2015. E&P retail analyst Phillip Kimber attributed the surge to a short squeeze. The trading update that accompanied Domino's announcement to close 205 loss-making stores,
As challenges to the retail industry intensify, thousands more stores are projected to shut their doors in 2025.
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