2344 GMT - Domino's Pizza Enterprises remains a buy for Goldman Sachs despite any recovery in performance looking likely to start later than previously anticipated. GS analysts point out in a note to clients that new CEO Mark van Dyck is brand new to most of the business and has no fast-food experience. They now reckon that same-store sales growth of just 1.1% in fiscal 2025 before an acceleration to more than 3% in fiscal 2026. The GS analysts see his appointment as a positive and anticipate him implementing improvements to the company's system management and planning capabilities. GS lowers its target price by 2.3% to A$39.10. Shares are up 0.1% at A$30.04. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
November 11, 2024 18:44 ET (23:44 GMT)
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