![]() The move was designed to alleviate a labor shortage plaguing the company. The same-store sales rose just 1.8% in the quarter - well short of analyst expectations of 6.6%.Įarlier this year, Domino’s tried to drum up sales by offering customers a $3 “tip” as incentive to pick up their pizza rather than having it delivered. While sales soared during the early days of the pandemic, consumers started to move away from at-home deliveries as the mass vaccination drive led to the lifting of lockdown measures.ĭomino’s, like virtually all businesses in many sectors of the economy, has also had to raise prices due to “unprecedented increases” in the cost of food and other key ingredients.ĭomino’s international sales also did not meet key metrics. The pizza chain, which has been beset by labor shortages, announced lower-than-expected earnings for fourth quarter of last fiscal year. ![]() The company’s earnings suffered due to lower-than-anticipated same-store sales, which rose just 1% in the quarter, according to CNBC.Īnalysts were expecting same-store sales growth of 2.9%.ĭomino’s, like other companies, has had to deal with the fallout from disruptions in the labor market as well as falling demand. stock in the US through any online brokerage account such as E. Net sales fell 1% to $1.34 billion - which was short of the $1.38 billion that analysts expected. is currently listed on the NYSE under DPZ. 2.ĭomino’s generated a net income of $155.7 million, or $4.25 per share, up from $151.9 million a year earlier.īut the result falls short of analyst expectations of $4.28 earnings per share. The Ann Arbor, Michigan-based pizza chain reported disappointing results from the fourth quarter of last fiscal year that ended on Jan. Derek And The Dominos stock photos are available in a variety of sizes and formats to fit your needs. I learned English from a Domino’s menu - now I run my own storeĬops delivered our pizza - after arresting deliveryman: shocked coupleĭomino’s Pizza is shaking up its leadership after the company announced that it failed to meet its earnings goals - prompting the share price to drop some 8% on Tuesday.ĭomino’s CEO Ritch Allison will retire effective May 1 and he will be replaced by COO Russell Weiner, the company announced on Tuesday. Browse Getty Images' premium collection of high-quality, authentic Derek And The Dominos stock photos, royalty-free images, and pictures. ![]() The 14-day relative strength indicators for both. Domino’s customers can soon order pizzas on Uber Eats, Postmatesĭomino’s Pizza trials first-ever ‘Rocket Man’ delivery before Elton John show Domino's Pizza and Zions Bancorporation are among some of the most overbought stocks on Wall Street this week, as the S & P 500 rose about 0.7.
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