Australia Moves Forward With Teen Social Media Ban as Platforms Begin Lockouts 
Visa to Move European Headquarters to London’s Canary Wharf 
Sam Altman Reportedly Explored Funding for Rocket Venture in Potential Challenge to SpaceX 
Spirit Airlines Reverses Pilot Furlough Plans Amid Updated Staffing Outlook 
Momenta Quietly Moves Toward Hong Kong IPO Amid Rising China-U.S. Tensions 
Wikipedia Pushes for AI Licensing Deals as Jimmy Wales Calls for Fair Compensation 
Dollar Slides to Five-Week Low as Asian Stocks Struggle and Markets Bet on Fed Rate Cut 
Rio Tinto Raises 2025 Copper Output Outlook as Oyu Tolgoi Expansion Accelerates 
Airbus Faces Pressure After November Deliveries Dip Amid Industrial Setback 
IKEA Expands U.S. Manufacturing Amid Rising Tariffs and Supply Chain Strategy Shift 
Oil Prices Rise as Ukraine Targets Russian Energy Infrastructure 
Gold Prices Edge Higher as Markets Await Key U.S. PCE Inflation Data 
OpenAI Moves to Acquire Neptune as It Expands AI Training Capabilities 
Boeing Acquisition of Spirit AeroSystems Could Close Soon Amid Ongoing Conditions 
Netflix’s $72 Billion Warner Bros Discovery Deal Reshapes the Entertainment Landscape 
Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains 
U.S. Stocks Rise as Cooler Inflation Boosts Hopes for Fed Rate Cut 
Shares of Domino’s Pizza Enterprises (NYSE: DPZ) surged 23.8% to A$36.68 on Friday, marking their largest intraday gain ever. The rally follows the company’s announcement to close 205 underperforming stores, aiming to enhance profitability and strengthen its market position.
The store closures, expected to save A$15.5 million ($9.74 million) annually, include 172 locations in Japan, where Domino’s has struggled with declining post-pandemic demand and rising costs. Japan, which comprises a quarter of the company’s 3,733 stores worldwide, has been a challenging market.
CEO Mark van Dyck stated that some COVID-era expansion efforts led to stores that no longer align with the company’s strategy, and their removal will fortify operations. The Japanese closures will incur a one-time restructuring cost of A$61.8 million but are projected to boost operating earnings by A$10 million to A$12 million annually.
Domino’s also reported strong momentum in the second half of fiscal 2025, with same-store sales growing 4.3% across the group in the first five weeks. Analysts view this as a strategic move to future-proof the company and drive long-term growth.
For the first half of fiscal 2025, Domino’s expects underlying net profit before tax between A$84 million and A$86 million, aligning with its prior forecast. The company will maintain its interim dividend of 55.5 Australian cents per share.
With a clear strategy to optimize operations, Domino’s is reinforcing its market leadership and setting the stage for continued revenue growth.
