Domino's Sales Fall Short as Consumer Spending Slows
Domino's Pizza reported first quarter same-store sales growth of 0.9 percent, missing analyst expectations of 2.72 percent. Shares fell 4 percent as high living costs and economic uncertainty led American households to reduce discretionary spending on dining out.
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DOMINO'S PIZZA INC reported first-quarter same-store sales that missed Wall Street expectations on Monday, as persistent economic pressures and geopolitical instability forced consumers in the United States to pull back on discretionary spending. Shares of the pizza chain dropped nearly 4% in premarket trading following the announcement.
