CEO Russell Weiner said he expects more fast-food chains will report that winter weather and weak consumer sentiment hurt their quarterly sales.
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Domino’s Pizza
stock fell 10% in morning trading on Monday after it reported weaker-than-expected U.S. same-store sales growth.
The chain’s domestic same-store sales rose just 0.9%, lower than the 2.3% bump expected by Wall Street analysts, based on StreetAccount estimates.
“We’re not happy with it,” CEO Russell Weiner told CNBC.
Domino's Pizza posted better-than-expected earnings and said it is winning over lower-income diners with value offerings.
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Even when customers choose pizza, they tend to get smaller pies and fewer toppings, said Papa John’s executives.
