Domino’s Pizza Shares Fall 4.20% as U.S. Sales Growth Slows

Domino’s Pizza (DPZ) shares weakened after U.S. same-store sales growth slowed to 0.3% in the third quarter despite higher revenue, net income and diluted earnings per share. The stock traded at $300.37 at 10:32 a.m. ET (14:32 UTC), down 3.39% from the previous close of $310.90. It later closed at $297.85, down 4.20%. Domino’s reported third-quarter revenue of $1.1856 billion, up 3.4% from $1.1471 billion a year earlier. Net income increased 9.2% to $152.2 million, while diluted earnings per share rose 12.7% to $4.60. U.S. same-store sales increased 0.3%, compared with 5.2% growth in the year-earlier quarter.

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