Why CAR Group, Domino's, JB Hi-Fi, and WiseTech shares are dropping today

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Why CAR Group, Domino's, JB Hi-Fi, and WiseTech shares are dropping today

//stocks-investing.news-articles.net/content/202 .. i-fi-and-wisetech-shares-are-dropping-today.html

Published in Stocks and Investing on Sunday, February 9th 2025 at 21:41 GMT by MSN

🞛 This publication is a summary or evaluation of another publication
🞛 This publication contains editorial commentary or bias from the source
🞛 This publication contains potentially derogatory content such as foul language or violent themes

The article from MSN discusses the reasons behind the recent drop in share prices for several Australian companies. Car Group (ASX: CAR) experienced a decline after reporting a 1% drop in revenue for the first quarter, despite an increase in private seller ad volumes. Domino's Pizza Enterprises (ASX: DMP) saw its shares fall after announcing a 2.8% decrease in same-store sales for the third quarter, attributed to weaker demand in Asia and Europe. JB Hi-Fi (ASX: JBH) shares dropped following a report of a 1.6% decrease in total sales for the first 10 weeks of the financial year, with a notable decline in sales of communications products. Lastly, WiseTech Global (ASX: WTC) shares decreased after the company provided a less optimistic outlook for the full year, despite a 33% increase in revenue for the first half of the fiscal year. These declines reflect broader market concerns about consumer spending and economic conditions.

Read the Full MSN Article at:
[ https://www.msn.com/en-au/money/top-stocks/why-car-group-domino-s-jb-hi-fi-and-wisetech-shares-are-dropping-today/ar-AA1yIgAM ]