- Domino's released its Q1 results in April, reporting a rare miss, with its domestic same-store sales decline overshadowing continued growth internationally.
- This led to a further decline in the stock, but the stock has since re-coupled its losses, rallying nearly 20% off its lows.
- At first glance, an investment in Domino's might be very tempting, with 35% plus declines typically providing excellent buying opportunities.
- However, while I think Domino's is a solid buy-the-dip candidate, I would be waiting for a re-test of the stock's recent low ($321.00) to bake in a more meaningful margin of safety vs. chasing the stock here.
For further details see:
Domino's Pizza: Valuation Improving After The Drop