Australia's Domino's Pizza FY net profit misses guidance, expectations
Aug 15 (Reuters) - Australian fast food chain Domino's Pizza Enterprises Ltd on Tuesday posted a record profit, but fell short of company guidance and market expectations.
Underlying net profit for the year ended July 2 rose to A$118.5 million ($93 million), 28.8 percent higher than a year ago, but short of company forecasts for growth of 32.5 percent. It was also below the A$122.4 million average estimate of 11 analysts surveyed by Thomson Reuters I/B/E/S.
The biggest Domino's franchisee outside the United States also announced a A$300 million share buyback. ($1 = 1.2737 Australian dollars) (Reporting by Ambar Warrick; Editing by Byron Kaye and Chris Reese)