RESEARCH | Staff Reporter, Australia

Domino's Pizza 'overvalued' by more than $800m, Citi says

The pizza chain will struggle to meet its targets because it needs to share profit with its store owners, investment bank Citi says.

According to an article by the Sydney Morning Herald, which cites a research note, titled Hold the Anchovies, Citi analysts said there was not enough incentive for store owners to open new Domino's outlets under the current profit split arrangement.

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