Domino's Pizza Inc. saw its stock price decline after reporting fourth-quarter US same-store sales growth that fell short of market expectations. The company attributed the performance to a challenging macroeconomic climate and increased competition.
- Q4 US same-store sales growth of 0.9% vs 2.5% expected
- Premarket share price decline of up to 4.8%
- Analyst projections had been lowered from 3.1% in March
- CEO cites macroeconomic pressures and heightened competition
- Company claims growth in total market share
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