Domino's Pizza (DPZ) Stock Declines 8% on 0.9% Same-Store Sales Growth

AI Summary

Domino's Pizza (DPZ) stock closed down over 8% after reporting U.S. same-store sales growth of just 0.9%, falling short of the 2.3% forecasted by analysts. The company also revised its full-year sales growth projection down to low-single digits from 3%. CEO Russell Weiner highlighted increased competition as rival chains matched Domino's promotions, further impacting sales. With the company’s market cap now approximately $11.2 billion, shares have decreased nearly 33% in the past year, reflecting broader concerns in the fast-food sector amid weak consumer sentiment.