Domino’s Pizza Stock Slips as US Sales Growth Disappoints

Shares of Domino’s Pizza (DPZ) fell in premarket trading Monday after the pizza giant reported a mixed fourth-quarter report, with better profits but lower sales than analysts expected.

Domino’s reported earnings per share (EPS) of $4.89 on revenue of $1.44 billion. Analysts polled by Visible Alpha had expected $4.87 and $1.48 billion, respectively.

The Michigan-based pizza chain said same-store sales rose just 0.4% among its U.S. locations, below the 1.5% consensus, and 2.7% internationally, better than the 1.7% growth expectation.

CEO Russell Weiner said 2024 marked 31 straight years of international same store sales growth, despite a “challenging global macroeconomic environment.”

Domino’s shares declined after its last earnings report, but later got a boost when regulatory filings revealed that Warren Buffett’s Berkshire Hathaway (BRK.A, BRK.B) had built a small stake in the pizza maker.

Domino’s shares were down 5% immediately following Monday’s report. They had entered the day up about 7% over the last 12 months.