Why Domino's Pizza Stock Dropped Today
Shares of pizza company Domino's Pizza (NASDAQ: DPZ) dropped on Monday morning after the company reported its completed financial results for 2024. As of 10:15 a.m. ET, Domino's Pizza stock was down a disheartening 6% and it now finds itself down nearly 20% from its 52-week high.With its fourth-quarter financial results, Domino's Pizza officially grew its same-store sales for a 31st consecutive year, which is a remarkable achievement. It keeps finding ways to get incremental sales at existing locations in both domestic and international markets. And it opened nearly 800 net new locations in 2024, which helped boost revenue as well.Be that as it may, Domino's Pizza's top-line numbers came in a little below investors' expectations. Moreover, its bottom-line figures came in a little light as well even though they were positive. For example, the company's full-year operating income jumped about 7% to $879 million. And its free cash flow was up nearly 6% to $512 million.Continue reading
Shares of pizza company Domino's Pizza (NASDAQ: DPZ) dropped on Monday morning after the company reported its completed financial results for 2024. As of 10:15 a.m. ET, Domino's Pizza stock was down a disheartening 6% and it now finds itself down nearly 20% from its 52-week high.
With its fourth-quarter financial results, Domino's Pizza officially grew its same-store sales for a 31st consecutive year, which is a remarkable achievement. It keeps finding ways to get incremental sales at existing locations in both domestic and international markets. And it opened nearly 800 net new locations in 2024, which helped boost revenue as well.
Be that as it may, Domino's Pizza's top-line numbers came in a little below investors' expectations. Moreover, its bottom-line figures came in a little light as well even though they were positive. For example, the company's full-year operating income jumped about 7% to $879 million. And its free cash flow was up nearly 6% to $512 million.
