Latest news with #Domino'sPizzaEnterprises
Time of India
02-07-2025
- Business
- Time of India
Domino's Australia franchise CEO steps down
HighlightsMark van Dyck, the Chief Executive Officer and Managing Director of Domino's Pizza Enterprises, will step down before Christmas this year, causing the company's shares to plummet approximately 16%. In his eight months in charge, Van Dyck implemented cost-saving measures and closed low-volume stores as the company faced declining sales in a post-COVID environment. Domino's Pizza Enterprises is beginning a global search for a new Chief Executive Officer, with Chairman Jack Cowin stepping in as the interim executive chair. Domino's Pizza Enterprises said on Wednesday its CEO and managing director, Mark van Dyck , would step down before Christmas this year, sending the Australian franchise operator's shares plummeting about 16% to their weakest in over 11 years. Van Dyck, a former Coca-Cola executive, took over from the franchise operator's longstanding head, Don Meij, in November last year as the company struggled to maintain sales in a post-COVID era. In eight months, Van Dyck laid the groundwork for a turnaround, closing low-volume stores and initiating cost-saving measures. His departure, effective December 23, sent the stock spiralling. Shares ended 15.8% lower at A$16.96 apiece, their lowest since February 2014, and logged their worst session since late January 2024. The stock was the second biggest loser in the ASX 200 benchmark on the day, and has lost 90% of its value since scaling an all-time high in September 2021, when pizza sales surged and the company was mapping out expansion plans for the coming decade. "A new CEO will take some time to appoint, raising the risk (of an) extended period of sub-par execution and lost earnings and further talent loss," said John Lockton, head of investment strategy at MST Financial. The company's underlying profit declined 8% in 2024 and was 36% below its record 2021 profit . A consensus of analyst estimates forecasts an 85% slump in fiscal 2025 profit, per Visible Alpha. The board has begun a global search to replace the incumbent CEO, the firm said. Chairman Jack Cowin, who has over five decades of experience in the quick-service restaurant sector and is the company's largest shareholder, will assume the role of interim executive chair . Cowin was one of the founders of KFC in Australia and played a key role in Domino's expansion into Europe and Asia. Domino's Pizza Enterprises runs the largest master franchise of the U.S.-based Domino's Pizza in 12 countries across Asia, Europe, Australia and New Zealand. Japan accounts for around a fifth of its stores.
Sky News AU
19-05-2025
- Business
- Sky News AU
Domino's pizza Australia and NZ boss Kerri Hayman resigns after less than one year at the helm, as new chief operations officer revealed
Domino's Pizza Australia and New Zealand boss Kerri Hayman is stepping down after nine months in the role, as the food giant also appoints a new chief operations officer. The ASX-listed food giant confirmed Ms Hayman's resignation in a statement on Monday, thanking the executive for her 37 years with the Domino's brand across Australia and overseas. Ms Hayman, the sister of former Domino's group chief executive officer Don Meij, will remain in the top job until August 29 to support the company with the rollout of its new strategic plan. Ms Hayman said working with Domino's has given her the "most rewarding experiences of her life - both professionally and personally", and allowed her to develop "lifelong friendships". "I've been privileged to serve the Domino's brand for 37 years - my entire working life - across Australia, the UK, and the USA," Ms Hayman said in a statement. "I want to thank the board, our franchise partners, and my colleagues for the opportunity to serve as their chief executive officer." Ms Hayman was promoted to chief executive officer in August last year from her position as chief operating officer. "This is the right time for me to take the next step in my journey," Ms Hayman said. "Since returning to Australia in 2023, I've been proud of the work we've done to strengthen operations - from improving product quality and growing new occasions like lunch, to delivering stronger sales and profits for our franchise partners." Domino's group CEO and managing director Mark van Dyck commended Ms Hayman for her "outstanding service" and wished her success in the next phase of her career. "Anyone who has worked with Kerri knows her deep passion for pizza, people, and the success of our franchise partners," he said. "Since her return to Australia, she has helped make Domino's a stronger, more resilient business, drawing on her global experience and unwavering commitment to operational excellence." Meanwhile, Domino's has revealed the appointment of current head of operations Greg Steenson to chief operating officer, effective immediately. Mr Steenson, a former franchise partner, has been described by the pizza giant as "one of the most awarded team members" in the Domino's brand. He has served in the role of head of operations since 2024. Domino's confirmed it has started an "international recruitment process" for a new chief executive, which includes internal candidates. The development comes after Domino's earlier this year revealed it was shutting hundreds of stores due to sluggish performance. In February, Domino's Pizza Enterprises posted its first loss in 20 years on the ASX, suffering a $22.2 million loss for the six months to the end of December last year. The loss marked a 138 per cent downturn compared to the same period for the 2024 financial year. Domino's confirmed the majority of its 205 store closures would occur in Japan, followed by France, while shopfronts would also close in Australia.
Yahoo
04-05-2025
- Business
- Yahoo
3 ASX Stocks That May Be Priced Below Their Estimated Value In May 2025
As the ASX200 prepares to open slightly lower despite a strong overnight performance on Wall Street driven by Big Tech earnings, investors are keenly observing market trends and economic indicators. In such an environment, identifying stocks that may be priced below their estimated value can offer potential opportunities for investors looking to capitalize on discrepancies between current prices and intrinsic values. Name Current Price Fair Value (Est) Discount (Est) Domino's Pizza Enterprises (ASX:DMP) A$25.42 A$50.83 50% Smart Parking (ASX:SPZ) A$0.90 A$1.76 48.8% Amaero (ASX:3DA) A$0.26 A$0.47 44.4% Charter Hall Group (ASX:CHC) A$17.57 A$34.25 48.7% Regis Healthcare (ASX:REG) A$7.29 A$14.13 48.4% Pantoro Gold (ASX:PNR) A$2.84 A$4.91 42.1% Integral Diagnostics (ASX:IDX) A$2.39 A$4.09 41.5% Electro Optic Systems Holdings (ASX:EOS) A$1.24 A$2.33 46.8% Sandfire Resources (ASX:SFR) A$10.17 A$17.80 42.9% Superloop (ASX:SLC) A$2.59 A$4.58 43.4% Click here to see the full list of 36 stocks from our Undervalued ASX Stocks Based On Cash Flows screener. Underneath we present a selection of stocks filtered out by our screen. Overview: Genesis Minerals Limited focuses on the exploration, production, and development of gold deposits in Western Australia, with a market capitalization of A$4.39 billion. Operations: The company's revenue is primarily derived from its mineral production, exploration, and development activities, totaling A$561.40 million. Estimated Discount To Fair Value: 28.8% Genesis Minerals appears undervalued, trading at A$3.89, below its estimated fair value of A$5.46. Earnings are projected to grow significantly at 23.8% annually, outpacing the Australian market's growth rate of 12.2%. The company recently reported strong half-year results with net income rising to A$59.8 million from A$24.05 million a year ago and increased production guidance for fiscal year 2025 to 190,000-210,000oz of gold, underscoring robust cash flow potential. Upon reviewing our latest growth report, Genesis Minerals' projected financial performance appears quite optimistic. Take a closer look at Genesis Minerals' balance sheet health here in our report. Overview: GenusPlus Group Ltd operates in Australia, focusing on the installation, construction, and maintenance of power and communication systems, with a market cap of A$533.35 million. Operations: The company's revenue segments consist of Industrial (A$187.56 million), Communication (A$86.02 million), and Infrastructure (A$372.42 million). Estimated Discount To Fair Value: 23.3% GenusPlus Group is trading at A$2.96, below its estimated fair value of A$3.86, suggesting it may be undervalued based on cash flows. The company reported strong half-year results with sales increasing to A$332.87 million from A$249.96 million and net income rising to A$13.7 million from A$9.05 million year-over-year, highlighting robust earnings growth potential of 21.6% annually, which surpasses the Australian market's projected growth rate of 12.2%. Insights from our recent growth report point to a promising forecast for GenusPlus Group's business outlook. Unlock comprehensive insights into our analysis of GenusPlus Group stock in this financial health report. Overview: Infomedia Ltd is a technology company that provides electronic parts catalogues, service quoting software, and e-commerce solutions to the global automotive industry, with a market cap of A$467.96 million. Operations: The company's revenue is primarily derived from its Publishing - Periodicals segment, amounting to A$142.41 million. Estimated Discount To Fair Value: 32.7% Infomedia, trading at A$1.24, is undervalued based on cash flows with a fair value estimate of A$1.84. Recent earnings showed net income rising to A$8.33 million from A$5.12 million year-over-year, and analysts forecast earnings growth of 19.9% annually, outpacing the Australian market's 12.2%. Despite a dividend not fully covered by earnings and recent board changes, the company announced a share buyback program to enhance shareholder value by reducing outstanding shares. The analysis detailed in our Infomedia growth report hints at robust future financial performance. Click here and access our complete balance sheet health report to understand the dynamics of Infomedia. Discover the full array of 36 Undervalued ASX Stocks Based On Cash Flows right here. Are these companies part of your investment strategy? Use Simply Wall St to consolidate your holdings into a portfolio and gain insights with our comprehensive analysis tools. Discover a world of investment opportunities with Simply Wall St's free app and access unparalleled stock analysis across all markets. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Diversify your portfolio with solid dividend payers offering reliable income streams to weather potential market turbulence. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include ASX:GMD ASX:GNP and ASX:IFM. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Sign in to access your portfolio
Yahoo
28-04-2025
- Business
- Yahoo
ASX Stocks Estimated Below Intrinsic Value In April 2025
As the Australian market continues to show resilience, with the ASX200 closing up 0.36% at 7,997 points, investors are keenly observing sector performances that drive growth and stability. With sectors like Energy and IT leading gains, identifying stocks trading below their intrinsic value becomes crucial in capitalizing on potential opportunities amidst fluctuating market conditions. Name Current Price Fair Value (Est) Discount (Est) LaserBond (ASX:LBL) A$0.375 A$0.66 43.1% Acrow (ASX:ACF) A$1.075 A$2.04 47.3% Domino's Pizza Enterprises (ASX:DMP) A$25.85 A$51.48 49.8% GenusPlus Group (ASX:GNP) A$2.72 A$5.12 46.9% Medical Developments International (ASX:MVP) A$0.465 A$0.89 47.8% PolyNovo (ASX:PNV) A$1.155 A$1.93 40.2% Integral Diagnostics (ASX:IDX) A$2.29 A$4.08 43.9% Nuix (ASX:NXL) A$2.42 A$4.23 42.8% Electro Optic Systems Holdings (ASX:EOS) A$1.25 A$2.35 46.9% Superloop (ASX:SLC) A$2.39 A$4.58 47.8% Click here to see the full list of 33 stocks from our Undervalued ASX Stocks Based On Cash Flows screener. We'll examine a selection from our screener results. Overview: Domino's Pizza Enterprises Limited operates retail food outlets and has a market cap of A$2.44 billion. Operations: The company generates revenue primarily from its restaurants segment, which accounts for A$2.30 billion. Estimated Discount To Fair Value: 49.8% Domino's Pizza Enterprises is trading at A$25.85, significantly below its estimated fair value of A$51.48, indicating potential undervaluation based on cash flows. Despite a high debt level and recent net loss of A$22.17 million for H1 FY2025, earnings are forecast to grow 43.3% annually, outpacing the Australian market average growth rate. However, revenue growth projections lag behind the market average, and profit margins have declined from last year's figures. Our comprehensive growth report raises the possibility that Domino's Pizza Enterprises is poised for substantial financial growth. Unlock comprehensive insights into our analysis of Domino's Pizza Enterprises stock in this financial health report. Overview: National Storage REIT is the largest self-storage provider in Australia and New Zealand, operating over 225 centers for more than 90,000 residential and commercial customers, with a market cap of A$3.12 billion. Operations: The company's revenue segment is primarily derived from the operation and management of storage centers, generating A$369.99 million. Estimated Discount To Fair Value: 35.4% National Storage REIT, trading at A$2.24, is valued 35.4% below its estimated fair value of A$3.47, suggesting potential undervaluation based on cash flows. Earnings are projected to grow at 21.2% annually, surpassing the Australian market average growth rate; however, profit margins have decreased from last year's figures and debt coverage by operating cash flow is weak. Recent earnings show increased revenue but a decline in net income compared to the previous year. Our earnings growth report unveils the potential for significant increases in National Storage REIT's future results. Get an in-depth perspective on National Storage REIT's balance sheet by reading our health report here. Overview: PWR Holdings Limited specializes in designing, prototyping, producing, testing, validating, and selling cooling products and solutions across various international markets with a market cap of A$642.60 million. Operations: The company's revenue is primarily derived from its PWR Performance Products segment, contributing A$109.04 million, and its PWR C&R segment, adding A$46.48 million. Estimated Discount To Fair Value: 26.5% PWR Holdings is trading at A$6.39, over 26% below its estimated fair value of A$8.69, indicating potential undervaluation based on cash flows. Despite a recent decline in net income to A$4.08 million from A$9.78 million the previous year, earnings are forecast to grow significantly at 24.66% annually, outpacing the Australian market average growth rate of 11.7%. The company also anticipates robust revenue growth and a high return on equity in three years' time. Insights from our recent growth report point to a promising forecast for PWR Holdings' business outlook. Dive into the specifics of PWR Holdings here with our thorough financial health report. Explore the 33 names from our Undervalued ASX Stocks Based On Cash Flows screener here. Have a stake in these businesses? Integrate your holdings into Simply Wall St's portfolio for notifications and detailed stock reports. Join a community of smart investors by using Simply Wall St. It's free and delivers expert-level analysis on worldwide markets. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Diversify your portfolio with solid dividend payers offering reliable income streams to weather potential market turbulence. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include ASX:DMP ASX:NSR and ASX:PWH. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Sign in to access your portfolio
Miami Herald
25-04-2025
- Business
- Miami Herald
Another popular pizza chain files Chapter 11 bankruptcy
Pizza restaurant owners have dealt with several economic challenges since the Covid-19 pandemic which have caused financial distress requiring operators to sometimes close locations, sell restaurants, and file for bankruptcy protection. Competition for the pizza dollar is enormous, as the number of pizza restaurants in the U.S. in 2024 amounted to over 74,000. On top of fierce competition, restaurant owners have faced rising labor and food costs driven by inflation that has cut deep into their profits. Don't miss the move: Subscribe to TheStreet's free daily newsletter Food costs increased by an average of 29%, and labor costs rose by 31% from 2019 to 2024, according to the National Restaurant Association. Menu prices followed this trend, as average prices increased by 27.2% from February 2020 to June 2024. Related: Huge burger chain franchisee files for Chapter 11 bankruptcy Consumers have become more reluctant to eat out at restaurants as they watch their budgets in these uncertain inflationary times. Those rising menu prices are a big reason why many are staying at home and sliding a frozen pizza into the oven instead of taking a trip to the pizza parlor. Major national pizza chain franchisees have been closing and selling restaurants, sometimes filing for bankruptcy, as well. Huge Pizza Hut franchisee EYM Pizza L.P., which at one time operated 142 Pizza Hut locations in Georgia, Illinois, Indiana, South Carolina, and Wisconsin, filed for Chapter 11 bankruptcy protection in July 2024 and sold 77 of its restaurants at a bankruptcy auction. The franchisee said it would close another 50 locations that it was not able to sell. Global pizza chain Domino's largest franchisee, Domino's Pizza Enterprises, in February 2025 said it will shut down 205 low-performing locations, which will include 172 units in Japan "to sharpen market focus and improve profitability." Domino's Pizza Enterprises said it will conduct location closings from April 2025 to June 2025 and expects to save about $9.72 million annually with a one-time cost of $60.8 million. Another Domino's Pizza franchisee in Yorba Linda, Calif., People First Pizza Inc.,filed for Chapter 11 bankruptcy protection to reorganize its business, facing over $500,000 in disputed claims. The franchisee plans to continue operating the restaurant. Iconic East Coast pizza chain Bertucci's Restaurants LLC, which operates 16 locations in six states, filed for Chapter 11 bankruptcy protection for the third time in seven years to reorganize its business. Related: Popular breakfast chain franchise files for Chapter 11 bankruptcy The debtor, which operates Bertucci's Brick Oven Pizza & Pasta restaurants in Massachusetts, Pennsylvania, Delaware, Connecticut, Maryland, and Virginia, had 31 locations when it last filed for bankruptcy in December 2022, but has closed 15 units since the filing. Bertucci's filed for bankruptcy the first time, seeking to sell its assets in April 2018, Nation's Restaurant News reported. More bankruptcies: Popular restaurant and bar chain files for Chapter 11 bankruptcyPopular athletic shoe chain files for Chapter 11 bankruptcyAward-winning cosmetics brand files for Chapter 11 bankruptcy Earl Enterprises, the parent company of Planet Hollywood, acquired Bertucci's for $20 million in a June 2018 bankruptcy sale. The Orlando, Fla.-based debtor listed $10 million to $50 million in assets and debts, with its largest unsecured creditor, Cost Control Associates, owed over $630,000, according to its petition filed on April 24 in the U.S. Bankruptcy Court for the Middle District of Florida. Related: Major retail food brand files for Chapter 11 bankruptcy The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
