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

2024 Medicare Open Enrollment Offers Chance To Stay Ahead Of Costly Changes
Retail crime ‘queenpin’ faces five years in prison, millions in restitution
Royal Caribbean leans into shorter cruises, more experiences to capture travel demand
Education Department to pause student loan payments for millions amid legal battle
Hugo Boss shares plunge 9% as firm cuts 2024 guidance amid slumping China demand

Leave a Reply

Your email address will not be published.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