Domino's shares plunge 8% after missing on earnings, revenue

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Domino’s on Thursday reported quarterly earnings and revenue that missed analysts’ expectations.

Shares of the company plunged 8 percent in premarket trading.

Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:

  • Earnings per share: $2.62, adjusted, vs. $2.69 expected
  • Revenue: $1.08 billion vs. $1.10 billion expected

The pizza chain reported fiscal fourth-quarter net income of $111.6 million, or $2.62 per share, up from $93.3 million, or $2.09 per share a year earlier.

Excluding items, Domino’s earned $2.62 per share, missing the $2.69 per share expected by analysts surveyed by Refinitiv.

Net sales rose 21 percent to $1.08 billion, but still missed Wall Street’s expectations of $1.10 billion.

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