Why Domino’s, Flight Centre, Mader, and Paragon Care shares are falling today

In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to record a strong gain. At the time of writing, the benchmark index is up 1% to 9,109.9 points.

Four ASX shares that have failed to follow the market higher today are listed below. Here’s why they are falling:

Domino’s Pizza Enterprises Ltd (ASX: DMP)

The Domino’s share price is down 12% to $19.11. This follows the release of the pizza chain operator’s half-year results. Domino’s posted a 1.6% decline in network sales to $2.04 billion but a 1% lift in underlying EBIT to $101.5 million. One positive was that the Domino’s board decided to reward shareholders with a 25 cents per share interim dividend. This was up 16.3% on the prior corresponding period. Executive Chairman Jack Cowin said: “These results reflect deliberate decisions taken as part of our reset to strengthen the foundations of the business, prioritising an increase in franchise partner profitability.”

Flight Centre Travel Group Ltd (ASX: FLT)

The Flight Centre share price is down 2.5% to $12.94. Investors have been selling the travel agent’s shares after it released its half-year results. Flight Centre reported a 6% increase in revenue to $1.41 billion and a 4% lift in underlying profit before tax to $125 million. Investors may be doubting that the company will be able to achieve its reaffirmed profit guidance based on its first-half performance.

Mader Group Ltd (ASX: MAD)

The Mader share price is down a further 5% to $8.06. This specialist technical services provider’s shares have come under pressure since the release of its half-year results this week. Mader revealed net profit after tax of $30.5 million. While this was an increase of 17% over the prior corresponding period, it was short of expectations due to weaker than expected margins. In addition, its board decided to not pay a dividend in order to reduce debt. It said: “The Group has accelerated its pathway to a net cash position by deferring the 1H FY26 interim dividend, bringing forward achievement of its net cash target and strengthening liquidity to support a more aggressive approach to organic and inorganic growth opportunities.”

Paragon Care Ltd (ASX: PGC)

The Paragon Care share price is down 11% to 18.2 cents. The catalyst for this decline has been the healthcare distributor’s half-year results release. Paragon Care reported a modest 2.9% increase in revenue and a 0.7% rise in underlying net profit to $13.3 million. In addition, the company has taken a full provision ($46.4 million) against its Infinity Pharmacy Group debt. It notes: “The Infinity Group of 92 Pharmacy stores had incurred significant debt to acquire new pharmacies, resulting in an inability to pay suppliers and creditors, which resulted in Receivers being appointed to 52 pharmacies, and Administrators appointed over the remainder of stores.”

The post Why Domino’s, Flight Centre, Mader, and Paragon Care shares are falling today appeared first on The Motley Fool Australia.

More reading

• Domino’s Pizza shares tumble 16% after reset-style results
• After a solid profit result, brokers say Flight Centre shares are looking cheap
• Bell Potter says this ASX All Ords stock is a top buy
• Domino’s Pizza Enterprises lifts dividend and franchise profitability in first-half reset
• Flight Centre Travel Group delivers record 1H earnings and dividend boost

Motley Fool contributor James Mickleboro has positions in Domino’s Pizza Enterprises. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Domino’s Pizza Enterprises and Mader Group. The Motley Fool Australia has positions in and has recommended Mader Group. The Motley Fool Australia has recommended Domino’s Pizza Enterprises and Flight Centre Travel Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.