DPZ - Why Domino's Pizza Shares Are Sliding Today | Benzinga
Domino's Pizza Inc (NYSE: DPZ) reported a third-quarter FY23 sales decline of 3.9% year-on-year to $1.03 billion, missing the analyst consensus of $1.05 billion.
The revenue decrease was primarily due to lower supply chain and U.S. Company-owned store revenues. The decline in supply chain revenues was attributable to reduced market basket pricing to stores and lower order volumes.
Global retail sales increased 4.9%, excluding the positive impact of foreign currency. Excluding foreign currency impact and closure of the Russian market, global retail sales grew 5.1%.
Without adjusting for the impact of foreign currency, but excluding the closure of the Russian market, global retail sales grew ...