The S&P/ASX 200 Index (ASX: XJO) has followed Wall Street's lead and is pushing higher on Wednesday. At the time of writing, the benchmark index is up 0.15% to 8,948.1 points.
Four ASX shares that have failed to follow the market higher today are listed below. Here's why they are falling:
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Domino's Pizza Enterprises Ltd (ASX: DMP)
The Domino's Pizza share price is down 20% to $15.53. Investors have been selling the struggling pizza chain operator's shares following the release of its FY 2025 results. Domino's reported a 0.9% decline in network sales to $4.15 billion and a 4.6% decline in EBIT to $198.1 million. Executive chair, Jack Cowin, said "We're taking action to make Domino's a leaner, more efficient business. That means reducing costs – and using those savings to support our franchise partners and invest in marketing that drives sales. We will share the rewards when we get it right – with customers, with partners, and with shareholders."
DroneShield Ltd (ASX: DRO)
The DroneShield share price is down 15% to $3.04. This is despite the counter drone technology company releasing its half year results and reporting a stunning 210% increase in revenue to $72.3 million and EBITDA of $5.2 million. The latter is up from a loss of $4.9 million a year ago. Its growth has continued in the second half, with year to date revenue reaching $114.4 million by the first half of August. However, it seems that some investors were expecting even stronger growth, judging by the share price performance today.
WiseTech Global Ltd (ASX: WTC)
The WiseTech Global share price is down 11% to $103.02. This morning, WiseTech Global released its full year results and revealed a 14% increase in revenue to US$683.7 million and a 17% jump in EBITDA to US$325 million. However, its guidance for FY 2026 appears to have fallen a touch short of expectations and investors are punishing it. Management is guiding to revenue of USS$1.39 billion to US$1.44 billion and EBITDA of US$550 million to US$585 million. The latter represents EBITDA growth of 44% to 53% and includes the benefits of the e2open acquisition.
Woolworths Group Ltd (ASX: WOW)
The Woolworths share price is down 13% to $29.02. This supermarket giant's shares are being sold off today after it released its FY 2025 results. Woolworths reported a 3.6% increase in group sales to $69.1 billion but a 17.1% decline in group net profit after tax to $1,385 million. This led to the Woolworths board cutting its final dividend by 21.1% to a fully franked 45 cents per share. CEO, Amanda Bardwell, said: "After a highly disrupted first half, we have taken action to reposition the Group for long-term sustainable growth. While there is more to do and current trading remains below our ambition, we have seen some early positive signs with improving customer scores."
