Pizza maker’s international business provides a lift to results, but its stock falls in premarket trading
Domino’s stock is down after the company said it operated fewer stores and U.S. same-store sales fell in the face of a more challenging business environment.
Domino’s Pizza’s stock fell 2.1% in premarket trading on Monday after the pizza chain’s first-quarter profit and revenue fell short of Wall Street projections, due partly to a slower economy.
Domino’s U.S. same-store sales, or sales in stores open at least a year, declined 0.5%, compared with a jump of 5.6% in the year-ago quarter, adjusted for currency.
International same-store sales increased by 3.7%, ahead of the year-ago growth of 0.9%.
Domino’s also operated eight fewer stores in the quarter, after it opened 17 U.S. stores and closed 25 international stores.
Domino’s Chief Executive Russell Weiner said the company faced a “challenging global macroeconomic environment,” but it managed to grow market share.
Domino’s said its first-quarter profit rose 18.9% to $149.7 million, or $4.33 a share, from $125.8, or $3.58 a share, in the year-ago quarter.
The company fell short of the FactSet consensus estimate of $4.53 a share.
Revenue rose 2.5% to $1.11 billion, below the analyst estimate of $1.13 billion.
Company-owned stores in the U.S. saw a gross margin drop 1.5%, mostly due to an increase in its food-basket pricing to stores.
Ahead of Monday’s moves, Domino’s Pizza’s stock has risen 16.2% in 2025, while the S&P 500 has fallen by 6.1%.
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