Domino's Pizza, the world's largest pizza company, reported disappointing Q1 earnings, missing the Zacks Consensus Estimate for both earnings and revenue. The company's U.S. same-store sales dropped 3.6% as it faced challenges from staffing shortages and inflation, prompting several analysts to lower their price targets for its shares. Nonetheless, Domino's achieved over $4 billion in global retail sales and continues to expand in the carryout and delivery markets, while also partnering with Nuro to explore autonomous delivery solutions.
“Domino's Pizza · struck a deal with · Nuro · to launch autonomous pizza delivery in parts of Houston”
“Domino's Pizza, Inc. · is scheduled to report · first-quarter 2022 results · Apr 28”
“Domino's Pizza, Inc. · missed the Zacks Consensus Estimate by · earnings · 1.2%”
“Domino's Pizza, Inc. · continues to witness growth in · carryout and delivery businesses”
“Domino's · carries a Zacks Rank · #4 · Sell”
“Domino's Pizza Inc. · is · the largest pizza company in the world · true”
“Domino's Pizza Inc. · fell short of · estimates for both earnings per share and revenue · true”
“Domino's recorded global net store growth · of · 213 stores · true”
“Domino's board of directors · declared a quarterly dividend · $1.10 per share · true”
“Domino's Pizza Inc · had · Q1 earnings miss · true”
“RBC Capital analyst Christopher Carril · lowered the price target on Domino's Pizza Inc · from $480 to $440 · true”
“Wedbush analyst Nick Setyan · lowered the price target on Domino's Pizza · from $440 to $430 · true”