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.
Domino's Pizza NYSE: DPZ continues to face challenges but is navigating the conditions well. The Q3 results show that the Hungry for MORE strategy continues to pay off, setting the business up for accelerating growth and leveraging bottom-line results when macroeconomic conditions improve for restaurant stocks.
DPZ's fiscal third-quarter results benefit from Hungry for MORE strategy.
The headline numbers for Domino's Pizza (DPZ) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Domino's Pizza (DPZ) shares fell Thursday morning when the pizza delivery giant's better-than-expected profit was offset by a revenue miss and soft guidance.
Domino's Pizza (DPZ) came out with quarterly earnings of $4.19 per share, beating the Zacks Consensus Estimate of $3.71 per share. This compares to earnings of $4.18 per share a year ago.