The market continued to be impressed by the previous day's convincing bottom-line beat.
NEW YORK, NY / ACCESSWIRE / October 11, 2024 / Pomerantz LLP announces that a class action lawsuit has been filed against Domino's Pizza, Inc. ("Domino's" or the "Company") (NYSE:DPZ) and certain officers. The class action, filed in the United States District Court for the Eastern District of Michigan, and docketed under 24-cv-12477, is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired Domino's securities between December 7, 2023 and July 17, 2024, both dates inclusive (the "Class Period"), seeking to recover damages caused by Defendants' violations of the federal securities laws and to pursue remedies under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the "Exchange Act") and Rule 10b-5 promulgated thereunder, against the Company and certain of its top officials.
Domino's Q3 earnings were fairly uninspiring. The company is facing strong competitive pressures at home and a weak international market environment. Shares are not especially cheap at around 25 times forward earnings.
NEW YORK CITY, NY / ACCESSWIRE / October 11, 2024 / Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against Domino's Pizza Inc ("Domino's" or "the Company") (NYSE:DPZ) and certain of its officers. Class Definition This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired Domino's securities between December 7, 2023, and July 17, 2024, inclusive (the "Class Period").
Domino's Pizza offers a compelling long-term investment with solid financials, strong free cash flow, and impressive dividend growth, despite a low starting yield of 1.4%. Lower interest rates and decreasing inflation could boost consumer spending on pizza, further enhancing DPZ's profitability and reducing the debt burden. DPZ's valuation indicates a potential upside of over 10%, supported by Wall Street's price target and a dividend discount calculation.
LOS ANGELES, CA / ACCESSWIRE / October 10, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Domino's Pizza, Inc. ("Domino's" or "the Company") (NYSE:DPZ) for violations of 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company's securities between December 7, 2023 and July 17, 2024, inclusive (the "Class Period"), are encouraged to contact the firm before November 19, 2024.
Domino's US same-store sales grew 3% in the quarter ended Sept. 8, missing expectations of a 3.6% increase, according to LSEG analysts' estimates.
U.S. stocks traded lower toward the end of trading, with the S&P 500 falling around 0.3% on Thursday.
CNBC's Kate Rogers reports on Domino's quarter and a conversation with Domino's CEO on value competition in this environment.
Domino's Pizza (NYSE:DPZ) shares traded modestly higher as the chain of pizza restaurants posted mixed earnings for the third quarter and cut its full-year sales guidance. The company slashed its global retail sales growth target to 6% from 7%, citing the “challenging macroeconomic environment and its impact on current business trends across the globe.
Domino's Pizza, Inc. (NYSE:DPZ ) Q3 2024 Earnings Conference Call October 10, 2024 8:30 AM ET Company Participants Greg Lemenchick - VP of IR Russell Weiner - CEO Sandeep Reddy - CFO Conference Call Participants David Tarantino - Baird David Palmer - Evercore ISI Brian Bittner - Oppenheimer Dennis Geiger - UBS John Ivankoe - JPMorgan Peter Saleh - BTIG Sara Senatore - Bank of America Gregory Francfort - Guggenheim Jon Tower - Citi Danilo Gargiulo - Bernstein Christine Cho - Goldman Sachs Chris O'Cull - Stifel Jim Salera - Stephens Logan Reich - RBC Capital Markets Alexander Slagle - Jefferies Brian Mullan - Piper Sandler Jeffrey Bernstein - Barclays Brian Harbour - Morgan Stanley Andrew Strelzik - BMO Capital Markets Jeffrey Farmer - Gordon Haskett Operator Thank you for standing by, and welcome to Domino's Pizza's Third Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen only mode.
Goldman Sachs analyst Teddy Farley expressed views on Domino's Pizza Inc‘s DPZ mixed third-quarter results reported on Thursday.