Domino's Pizza Inc.'s $(DPZ)$ stock fell 3.4% in premarket trading Monday after the chain reported lower-than-expected fourth-quarter profit and revenue. The Ann Arbor, Mich.-based company had net income of $169.4 million, or $4.89 a share, up from net income of $157.3 million, or $4.48 a share, in the prior year's quarter. Analysts surveyed by FactSet were looking for earnings of $4.90 a share. Revenue rose to $1.444 billion from $1.403 billion, below the analyst revenue estimate of $1.476 billion. "Domino's 2024 results demonstrated that our Hungry for MORE strategy can drive strong order count growth, even in the face of a challenging global macroeconomic environment," Domino's Chief Executive Russell Weiner said in a statement. The Hungry for MORE strategy is Domino's five-year strategy to "grow and win as a brand".
(This is a developing story with updates to come.)
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February 24, 2025 06:48 ET (11:48 GMT)
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