Domino's Pizza Stock Slips as Weak Revenue, Outlook Cut Outweigh Strong Profit
Domino’s Pizza(DPZ) Investopedia·2024-10-10 22:16
Key Takeaways Domino's Pizza reported strong third-quarter profit- as order volumes increased. The pizza delivery giant's gross margin at U.S. company-owned stores was up 1.0 percentage point. However, revenue came up short of forecasts, and it gave soft guidance because of what it called a "challenging economic environment." Domino's Pizza (DPZ) shares fell Thursday morning when the pizza delivery giant's better-than-expected profit was offset by a revenue miss and soft guidance. The company reported third ...