Have you heard the latest news about Domino's Pizza $DPZ (-1,32 %) have you heard? The stock is down more than 3% in pre-market trading after fourth quarter results failed to meet Wall Street expectations.
Domino's reported that revenue rose 2.9% year-over-year to $1.44 billion. This was supported by higher order volumes and increased food and box prices. However, same-store sales were below the forecast 1.72% with an increase of 0.4%.
Adjusted earnings came in at $4.89 per share, also below expectations of $4.93. The annual figures were also disappointing, although the company's international sales performance was slightly above expectations.
Domino's strategy, "Hungry for MORE", has led to an increase in orders, but CEO Russell Weiner admits that competition in the quick service restaurant sector is strong. Despite the challenges, he remains optimistic that the company can gain market share.
How do you see the future of Domino's? Will the shares recover?
