Domino's is getting demolished after a huge miss on earnings

Bob Bryan
Updated
An Autonomous Robot Can Now Deliver Your Domino's Pizza
An Autonomous Robot Can Now Deliver Your Domino's Pizza

Shares of Domino's are getting crushed on Thursday after the company reported terrible earnings for its first quarter.

The pizza chain reported earnings per share of $0.89, whiffing on analyst expectations of $0.98 per share. Revenue also came in light at $539.2 million versus expectations $543.9 million.

RELATED: America's various pizza styles

Sales at company owned stores missed estimates, growing just 4.0% against expectations of 5.5%. Franchised store sales were up 6.6% against estimates of 6.0%.

In response to the news, shares of the company are down just over 9% at $121.45 in pre-market trading.

More to come...

SEE ALSO: If your city doesn't already have a Chipotle, it sounds like you're not getting one anytime soon

NOW WATCH: FORMER GREEK FINANCE MINISTER: The single largest threat to the global economy

Advertisement