Two of Australia's most recognisable consumer staples and discretionary shares are tumbling on Tuesday.
At the time of writing:
- Bega Cheese Ltd (ASX: BGA) shares are down 6% to $5.50
- Domino's Pizza Enterprises Ltd (ASX: DMP) shares are falling 9% to $16.10
This continues the downward trend in 2026 for both companies.
Let's see what could be influencing the drop today.
Image source: Getty Images
Bega Cheese
Bega is an Australian-based dairy processor and food manufacturer. Its well-known brands include Bega Cheese and Vegemite.
Its share price is down just over 6% today despite there being no price-sensitive news out of the company.
This takes its yearly tally to a 9% fall.
It is a disappointing result for the company, as broadly, the consumer staples sector has performed well in 2026.
This has been driven by geopolitical uncertainty and high interest rates, which have pushed investors toward defensive assets.
This has led to a 9% rise year to date for the S&P/ASX 200 Consumer Staples Index (ASX: XSJ).
Domino's Pizza Enterprises
Dominos shares are tumbling 9% today and are now trading for approximately $16.14.
They are one of the most shorted ASX shares on Tuesday.
This is a fall of 26% year to date for the fast-food pizza franchise.
Similar to Bega, there is no price-sensitive news out of the company today.
It has struggled in 2026 along with other consumer discretionary shares.
The S&P/ASX 200 Consumer Discretionary Index (ASX: XDJ) is down 14% year to date.
What are experts saying?
Following today's heavy sell-off, investors might be considering buying the dip on Bega and Domino's shares.
In recent news out of brokers, Bell Potter recently placed a hold rating and $18 price target on Domino's shares.
Although it acknowledges that its shares are trading on low multiples, it feels that this is justified based on its modest earnings growth outlook.
This price target is 11.5% higher than today's share price.
Meanwhile, for Bega shares, PAC Partners placed a $7.50 price target on the consumer staples stock last month.
Should Bega shares bounce back to this target, it would be a 36% recovery.
