Dominos Pizza Reaffirms Profit Guidance Amid Store Closures

Domino’s Pizza Enterprises Limited (ASX: DMP) has reaffirmed its net profit guidance for the first half of FY25, expecting earnings between $84 million and $86 million. The company is undertaking a major restructuring, shutting down 205 underperforming stores, primarily in Japan, resulting in a $97 million one-off charge. Despite the closures, Domino’s remains confident in its financial outlook, supported by strategic cost-cutting measures. The company also announced an interim dividend of 55.5¢ per share, which will be unfranked. At the time of writing, Domino’s shares surged 22.15% to $36.18, as investors responded positively to the company’s commitment to long-term profitability.

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