Australian pizza maker Domino's fails.Jarden says Japan is still a problem.







Australian pizza maker Domino's Pizza slips. Jarden says Japan still faces hurdles

















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Reuters

Australian pizza maker Domino's fails.Jarden says Japan is still a problem.



Topic – Australian pizza maker Domino's fails.Jarden says Japan is still a problem.

** Domino's Pizza Enterprises shares in Australia DMP.AX It fell as much as 1.1% to A$36.73, its lowest since April 16.

** Jarden analysts say it will take time for the pizza maker to improve its Japan operations.

** The brokerage said Japan continued to face challenges with industry numbers softening into April due to slower customer growth and increased promotions. Added that DMPs are losing market share locally

** But Jarden believes the worst is over for the group as it takes steps to improve its cost base

** The brokerage says the macro environment is improving for DMPs as initiatives gain momentum and costs and capital are well managed

** Stock price is down 37% at year's close

Report from Bengaluru by Rishabh Chatterjee

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