Domino’s Pizza Inc. stock fell more than 4% after the same-store sales in the US fell by 1.9% in the third quarter from the prior year, according to the company’s press release.
- The fall in US same-store sales reflected the decline in pandemic-driven home demand following the economic reopening. International same-store sales were still up by 8.8% in the third quarter, taking its gains to 15% on a two-year basis.
- The company reported a revenue of $998 million in the third quarter, below the expected $1.04 billion, but up from $967.7 million in the prior year.
- Net income was reported at $120.4 million, up from $99.13 million in the prior year. A $3.24 earnings per share by the company topped the anticipated $3.11.
Domino’s stock has risen by 19% this year to take the company to a market value of $17 billion. DPZ: NYSE is down -4.47% on premarket.