Domino's Pizza Enterprises (ASX:DMP) reaffirmed its fiscal 2026 underlying profit after tax guidance of AU$118 million to AU$122 million despite expecting a statutory loss after booking around AU$300 million in mostly non-cash balance sheet write-downs, according to an Australian bourse filing on Wednesday after market hours.

The company recorded around AU$259 million in balance sheet write-downs, including impairments in France and Taiwan, IT asset write-offs, store-related charges associated with the planned closure of up to 60 underperforming stores, and other provisions.

The company said it achieved AU$60 million to AU$70 million in annualized cost savings during fiscal 2026 through workforce reductions, lower information technology expenses, and supplier savings while also refinancing AU$1.05 billion of its debt facilities, per the filing.

Same-store sales declined 4.1% across Australia and New Zealand, Europe, and Asia as the company prioritized higher-margin sales, boosting franchisee profitability and supporting a broader fiscal 2027 rollout of its Western Australia model, the filing said.

The company said the largely non-cash charges would not impact its cash generation, debt covenant compliance, or core operations, the filing added.