DMP 1.39% $35.76 domino's pizza enterprises limited

TP $100, page-243

  1. 910 Posts.
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    For those who follow brokers. For the record, I don't. But this popped up so I thought I'd share.

    "Citi says Domino's Pizza Enterprises' sales and store roll-out could continue to disappoint unless the company is willing to share more of its margin with franchisees and consumers
    ** An analysis of high frequency data for the Australia-listed company shows a continued decline in website traffic across all of its markets, including Australia, Japan, and Europe - Citi
    ** The brokerage expects a likely resurgence for carryout orders for the largest franchisee for U.S. based pizza chain Domino's Pizza Inc as inflation-hit consumers increasingly scrimp on delivery fees
    ** DPZ also reported a prolonged weakness in the U.S. delivery business in its most recent quarter [nL4N3532MY]
    ** Even as commodity prices have begun to moderate, Citi cautions that higher driver wages "will likely continue to be a drag in the near term" for DMP
    ** Four of 14 analysts rate the stock as "buy" or higher and 10 as "hold"; their median PT is A$58.50 – Refinitiv IBES data; Citi maintains 'neutral' view"

 
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