** Jefferies sees investor focus on Australia's Domino's Pizza's DMP.AX strategic direction following Group CEO departure and Jack Cowin’s appointment as interim executive chair
** Flags no FY25 earnings guidance yet; adds that lack of visibility suggests a result likely in line with consensus, though disclosure has been patchy historically
** Lowers PT to A$37.50 from A$42; maintains "buy" rating
** Brokerage expects on cost-out initiatives and whether savings will be reinvested or banked to margin; sees material upside over time
** Says review of unprofitable small markets like Cambodia and Luxembourg ongoing for DMP; investors to focus on exit potential and performance in key regions like Japan and France
** Adds franchisee profitability still challenged; Japan store closures expected to yield A$15.5 mln ($10.03 mln) in annual savings — outlook on store-level EBITDA improvement awaited
** Cuts FY25 EPS estimates by ~5% on slower same-store-sales growth and margin compression
** Stock down 38% YTD
($1 = 1.5461 Australian dollars)
(Reporting by Rishav Chatterjee in Bengaluru; editing by Diane Craft)
((Rishav.Chatterjee@thomsonreuters.com;))
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