Why Sandfire, Domino's and Macquarie shares are making waves on Thursday

Domino's Pizza Enterprises Ltd (ASX: DMP), Sandfire Resources Ltd (ASX: SFR), and Macquarie Group Ltd (ASX: MQG) shares are grabbing financial headlines today.

Two of the large-cap stocks are underperforming the 0.7% gains posted by the S&P/ASX 200 Index (ASX: XJO) during the Thursday lunch hour, while one stock is racing ahead of those gains.

Here's why all three are grabbing investor attention today.

Macquarie shares dip on CEO transition

After posting gains this morning, Macquarie shares have dipped into the red at the time of writing, down 0.1% at $254.65 each.

This comes after the ASX 200 diversified financial services company announced that Shemara Wikramanayake will step down from her role in November. Wikramanayake has held the top post for eight years.

Greg Ward will take over the reins following Wikramanayake's retirement. Ward is currently Macquarie's Head of Banking and Financial Services.

Commenting on the transition, Wikramanayake said:

I take confidence in the strength of the team, and particularly in Greg's ability to build on the legacy of our six decades of history. We have worked together for 30 years, and his track record, leadership and integrity make him an excellent candidate to be Macquarie's next CEO.

Sandfire shares lift on record quarterly sales

Unlike Macquarie shares, Sandfire shares are outperforming today, up 4.3% to $19.49 apiece.

Sandfire shares are making waves following the release of a strong June quarter update (Q4 FY 2026).

Among the highlights, the ASX 200 copper stock reported a 38% increase in copper equivalent (CuEq) production to 47,600 tonnes. This saw the miner achieve annual production guidance, producing 154,200 tonnes of CuEq in FY 2026.

Likely spurring investor spirits, Sandfire achieved record quarterly sales revenue of $574 million.

On the earnings front, underlying earnings before interest, taxes, depreciation and amortisation (EBITDA) came in at $343 million. Management expects full-year FY 2026 underlying EBITDA to reach $867 million.

Turning to the balance sheet, as at 30 June, Sandfire had a net cash position of $353 million. That compares favourably to the company's $123 million in net debt a year earlier.

Which brings us to…

Domino's shares slip on court ruling

Like Macquarie shares, Domino's shares are trailing the benchmark today.

Shares in the ASX 200 fast food pizza retailer are down 0.2% at the time of writing, changing hands for $16.85 apiece.

This follows news that the Federal Court ruled that Domino's engaged in "misleading and deceptive conduct regarding the application of certified enterprise agreements".

The ruling is part of a broader class action addressing alleged underpayment of franchisee employee wages from 2013 to 2018.

The ruling only relates to Mr Gall, the lead applicant's claim. The court assessed Gall's loss at just under $12,000.

Domino's said it is reviewing the court's judgment to assess the potential for appeal. The company noted that the potential liability for broader group members remains "highly uncertain and unquantifiable".

The post Why Sandfire, Domino's and Macquarie shares are making waves on Thursday appeared first on The Motley Fool Australia.

Motley Fool contributor Bernd Struben has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Domino's Pizza Enterprises and Macquarie Group. The Motley Fool Australia has recommended Domino's Pizza Enterprises and Macquarie Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The Motley Fool's purpose is to help the world invest, better. Click here now for your free subscription to Take Stock, The Motley Fool's free investing newsletter. Packed with stock ideas and investing advice, it is essential reading for anyone looking to build and grow their wealth in the years ahead. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson. 2026