Domino's Pizza Reports Lower Than Expected US Sales Amid Consumer Spending Decline
Domino's Pizza Inc (NYSE:DPZ) reported first-quarter revenue of $1.15 billion, missing analyst estimates of $1.17 billion, as US comparable store sales grew only 0.9% and net income fell short of expectations. The company attributed the results to macroeconomic uncertainty and increased competition in the quick-service restaurant sector.
Tickers: $DPZ
Topics: Consumer Spending Domino's Pizza Earnings Restaurant Industry Sales Estimates