Domino's Pizza Reports Disappointing Sales and Lowers Full-Year Forecast
Domino's Pizza stock fell 10% after reporting weaker-than-expected U.S. same-store sales growth of 0.9%, below the 2.3% forecast. The company also lowered its full-year U.S. same-store sales forecast to low-single digit growth. CEO Russell Weiner attributed the results to winter weather and weak consumer sentiment, and expects similar challenges for other fast-food chains.
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Topics: competition consumer sentiment earnings forecast same-store sales stock price movement