Dominos Lowers Annual Sales Outlook
Dominos lowered its annual sales forecast and reported quarterly revenue of $1.19 billion. The pizza chain faces slowing demand and cautious consumer spending amid rising competition.
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Domino's Pizza cut its annual sales outlook on Tuesday afternoon, sending shares down 3% in early trading. Comparable sales growth is slowing across the United States and international markets. Persistent inflation and cautious consumer spending continue to pressure quick-service restaurant margins.
