Domino’s forecasts slowing sales growth as delivery competition intensifies

Earnings

Richard Allison, CEO of Domino’s Pizza, speaks at CNBC’s Evolve conference in Chicago on Sept. 24, 2019.

Jeff Schear | CNBC

Domino’s Pizza on Tuesday reported quarterly earnings and revenue that missed analysts’ expectations.

Shares of the company fell nearly 4% in premarket trading.

Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:

  • Earnings per share: $2.05 vs. $2.07 expected
  • Revenue: $820.8 million vs. $823.9 million expected

Domino’s earned $2.05 per share, missing the $2.07 per share expected by analysts surveyed by Refinitiv.

Net sales rose 5.8% to $820.8 million, falling short of expectations of $823.9 million.

Articles You May Like

Social Security beneficiaries to soon receive notices revealing the size of their 2025 benefit checks
Walmart hikes its outlook again as shoppers spend more outside the grocery aisles
Gen Z, millennial retail investors are tapping into ETFs, report finds. Here are things to watch out for, expert say
Could Trump reinstate the student debt that Biden forgave? Here’s what experts say
Target shares plunge 20% after discounter cuts forecast, posts biggest earnings miss in two years

Leave a Reply

Your email address will not be published. Required fields are marked *