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Oct. 8, 2019, 7:44 a.m. EDT

Domino's Pizza stock slides 4% premarket after earnings miss

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By Ciara Linnane

Domino's Pizza Inc. shares /zigman2/quotes/201587798/composite DPZ -0.43% slid 4% in premarket trade Tuesday, after the company posted weaker-than-expected earnings for its fiscal third quarter. Ann Arbor, Michigan-based Domino's said it had net income of $86.5 million, or $2.05 a share, in the quarter to Sept.8, up from $84.1 million, or $1.95 a share, in the year-earlier period. Revenue edged up to $820.8 million from $785.9 million. The FactSet consensus was for EPS of $2.07 and revenue of $823.0 million. U.S. same-store sales rose 2.4%, compared with a FactSet consensus for growth of 2.7%. The company unveiled a new set of performance estimates covering a two to three-year timeframe, which replaces prior guidance that took a three to five-year view. It said it expects global retail sales growth of 7% to 10% in two to three years, compared with a prior forecast of 8% to 12% growth over a three to five-year frame. It expects U.S. same-store sales growth of 2% to 5%, compared with 3% to 6% over the previous time frame. Shares have fallen 2.3% in 2019 through Monday, while the S&P 500 /zigman2/quotes/210599714/realtime SPX +0.45% has gained 17.2%.

/zigman2/quotes/201587798/composite
US : U.S.: NYSE
$ 374.09
-1.62 -0.43%
Volume: 415,230
July 2, 2020 4:00p
P/E Ratio
35.86
Dividend Yield
0.83%
Market Cap
$14.70 billion
Rev. per Employee
$236,749
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/zigman2/quotes/210599714/realtime
US : S&P US
3,130.01
+14.15 +0.45%
Volume: 2.33B
July 2, 2020 5:19p
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