Australia's Domino's Pizza hits over 9-yr low after dismal store outlook, closures
** Shares of Domino's Pizza DMP.AX slump as much as 9.4% to A$32.70, their lowest since Feb. 2015
** Co emerges as top loser on the benchmark .AXJO
** The pizza maker said after market-hours on Wednesday that its sees flat store growth in the current fiscal year and has decided to close up to 80 low-volume stores in Japan and 10-20 stores in France
** Co, however, expects a return to positive same store sales in Japan in FY25 that started this month, and sees overall group store growth of 3%-4% in fiscal 2026
** Multiple brokerages slash price target for Domino's after dismal outlook and store closure
** "We see Japan store closures as a step in the right direction in addressing ongoing market underperformance," analysts from Morgan Stanley say
** Stock has fallen 38.8% this year as of last close
Reporting by Archishma Iyer
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