Let’s face it – investing in retail now is as contrarian as it gets. Domino’s Pizza Enterprises, the master franchisee for Domino’s in Australia and New Zealand, has been out of favour with investors for some time.
The fast-food giant has tumbled by more than a third from its 52-week high of nearly $77 due to sluggish same-store sales growth, rising food costs and higher rents. Just two years ago, Domino’s was sitting at an all-time high of $165 per share.
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Carrie LaFrenz is a senior journalist covering retail/consumer goods. She previously covered healthcare/biotech. Carrie has won multiple awards for her journalism including financial journalist of the year from The National Press Club. Connect with Carrie on Twitter. Email Carrie at carrie.lafrenz@afr.com