Domino’s Q1 misses weigh on DPZ stock
Domino’s Pizza reported Q1 revenue of $1.15B, up 3.6% year over year but $10M below consensus, with international stores growing 4.0% and U.S. stores up 2.8%. Same-store sales rose 1.5% at U.S. company-owned locations and 0.8% at franchised locations, both missing estimates. GAAP EPS was $4.13, short of expectations by $0.14, and weaker free cash flow accompanied the results, helping push the stock lower.