Shares of Domino's Pizza fell 7% in premarket trading Tuesday after the pizza chain's estimates for its first-quarter same-store sales disappointed investors.
U.S. same-store sales rose 1% from Feb. 24 to March 22.
Javanshir Hajizada gets ready for a bicycle delivery for Domino's Pizza, which is hiring drivers, on March 25, 2020 in Boston.fell 7% in premarket trading Tuesday after the pizza chain's estimates for its first-quarter same-store sales disappointed investors. U.S. same-store sales rose 1% from Feb. 24 to March 22. Domino's said on Monday that a number of factors impacted its U.S. business, including school closures, cancellations of live sports and U.S. consumers stocking up at the grocery store.Based on these trends, the company estimates U.S. same-store sales growth of 1.6% and international same-store sales growth of 1.5% during the first quarter. Meanwhile, global retail sales are expected to have risen by 4.4% during the same period.
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