Domino's Pizza shares sink 8% after earnings and revenue miss
Domino's Pizza Inc. shares sank 8.4% in Thursday premarket trading after the pizza delivery chain reported fourth-quarter earnings and revenue that missed consensus. Net income totaled $111.6 million, or $2.62 per share, up from $93.3 million, or $2.09 per share, last year. Revenue totaled $1.08 billion, up from $891.5 million last year. The FactSet consensus was for EPS of $2.69 and revenue of $1.10 billion. U.S. same-store sales grew 5.6% while international same-store sales were up 2.4%. FactSet forecast U.S. same-store sales growth of 7.1% and global same-store sales growth of 4.2%. Domino's shares have gained 20.8% over the past year while the S&P 500 index is up 3.1% for the period.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.