Domino’s forecasts slowing sales growth as delivery competition intensifies


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.

Products You May Like

Articles You May Like

Coronavirus live updates: State Department will evacuate Americans from cruise ship, first death confirmed in Europe
Top Ways to AVOID Taxes for a LARGER Return! – Personal Tax Deductions
HSBC misses expectations on 2019 pre-tax profit, will cut 35,000 jobs
How your ex can ruin your financial plans long after the divorce
Best Clothes To Wear While Mobile Home Investing?

Leave a Reply

Your email address will not be published.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