Domino's Australia Franchise Surges on Store Closures, Upbeat Start to Second Half of Fiscal 2025
(Reuters) - 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,
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