The Domino’s Pizza Enterprises Ltd (ASX: DMP) share price is down 3.6% to $37.19 this morning and is now down around 8% over the past week on the back of investor worries its franchises and same-store sales in Europe, Japan and Australia may not grow as strongly as forecast.
Specifically, Domino’s original and flagship U.S business trading under the Domino’s Pizza, Inc. (NYSE: DPZ) ticker reported softer-than-expected same store sales overnight for the period ending June 30, 2019.
While Domino’s US same-store sales have no real bearing on what ASX-listed Domino’s may achieve in regions like Australia, Japan, France and Germany there is one globally-reaching trend analysts are blaming Domino’s slowing U.S. sales on.
The rise of aggregated fast-food menu providers or delivery apps (often well funded and prepared to operate at a loss) such as UberEats, Grubub, Deliveroo and Menulog may mean spoilt-for-choice consumers start ordering Domino’s pizzas less in Australia or Japan for example.
ASX-listed Domino’s shares are down around 23% over the past year as investors reassess its growth potential and as the company makes a habit of missing its own growth forecasts.
I remain of the view that Domino’s best growth days are behind it. As such I’m not a buyer of shares.
With interest rates likely to stay at rock bottom for months (or YEARS) to come, income-minded investors have nowhere to turn... except dividend shares. That’s why The Motley Fool’s top analysts have just prepared a brand-new report, laying out their top 3 dividend bets for 2019.
Hint: These are 3 shares you’ve probably never come across before.
They’re not the banks. Not Woolies or Wesfarmers or any of the “usual suspects.”
We think these 3 shares offer solid growth prospects over the next 12 months. The first two currently offer fat, fully franked yields. The last is a surprising REIT offering you the benefits of being a landlord with none of the hassle! You’ll discover all three names and codes in "The Motley Fool’s Top 3 Dividend Shares for 2019."
Even better, your copy is free when you click the link below. Fair warning: This report is brand new and may not be available forever. Click the link below to be among the first investors to get access to this timely, important new research!
The names of these top 3 dividend bets are all included. But you will have to hurry. Depending on demand – and how quickly the share prices of these companies move – we may be forced to remove this report.
You can find Tom on Twitter @tommyr345
The Motley Fool Australia has recommended Domino's Pizza Enterprises Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.