It wasn't that long ago that Domino's was the darling of the pizza industry, but the company's growth story has grown stale
New York It wasn't that long ago that Domino's was the darling of the pizza industry. Its stock was soaring thanks to solid sales, the company's embrace of technology and a risky but successful mea culpa ad campaign that apologized for how bad its food used to be.
But the Domino's growth story has grown stale. Shares of Domino's fell in early trading after the company reported revenue and profit that missed Wall Street's forecasts and gave a new outlook that was slightly disappointing. But the stock later recovered and was up 2% by late morning.What's more, same-store sales in the United States, which measure how well restaurants open at least a year are doing, grew just 2.4% in the third quarter. Sales were up 6.
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