Australia's Domino's pizza slumps to over 9-year low on bleak store growth view

Domino's Pizza shares dropped due to store closures in Japan and France. Analysts from Macquarie, UBS, and Morgan Stanley cut fiscal 2024 and 2025 earnings forecasts. The company expects slight growth this year but targets 3%-4% store growth by 2026. Annual results are due in August, and fiscal 2024 outlook had been withdrawn after missing first-half expectations.