Domino’s Pizza Enterprises Ltd's (ASX:DMP) shares have been savaged this morning as investors dump the stock following missed guidance.
At 11am and 1 hour into trading, Domino’s shares have slumped 14% to $43.93 on 64 million shares.
This is a big recovery, or about 10%, considering the opening trade at $40.
The company pointed to problems with its online platform in France for the lower than expected results.
Domino’s delivered a record full year underlying NPAT of $118.5 million, which is a 28.8% gain on the prior corresponding period.
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