Domino’s Pizza warned investors to expect weak growth in US same-store sales, pointing to pressured consumer sentiment and tougher competition in the market. The forecast rattled traders, with the company’s shares falling about 10% in early trading. Analysts will now watch whether promotions can offset demand softness and pricing pressure.
Domino’s Pizza fell short of first-quarter same-store sales estimates as inflation and economic uncertainty tightened budgets for many Americans. Rising food costs are driving consumers toward at-home meals, pressuring restaurant chains that rely on discretionary spending. Despite the weak results, Domino’s announced a $1 billion share buyback program, signaling confidence while demand shifts.
Your news, in seconds
Get the Beige app — every story in 60 words, updated hourly. Free on iOS & Android.
Swipe through stories, personalise your feed, and save articles for later — all on the app.
