Domino’s revenue falls shy of Street expectations

Domino’s Pizza Inc. shares fell 1% in Thursday premarket trading after first-quarter revenue fell shy of Street expectations. Net income totaled $117.8 million, or $3.00 per share, down from $121.6 million, or $3.07 per share, last year. Revenue totaled $983.7 million, up from $873.1 million last year. The FactSet consensus was for EPS of $2.94 and revenue of $985.0 million. U.S. same-store sales were up 13.4%, while international same-store sales rose 11.8%. The FactSet consensus was for U.S. same-store sales growth of 9.7%, and international growth of 6.0%. Domino’s stock is up 5.3% for the year to date while the S&P 500 index has gained 11.4% for the period.

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