This post was originally published on this site
Shares of the company were down 3% in premarket trading.
Analysts have raised concerns over the ability of pizza chains, including Domino’s, to keep up heightened sales levels seen during the lockdowns in a post-pandemic world, as more dine-in restaurants open up and compete for customers.
Sales at Domino’s U.S. stores open for more than a year rose 11.2%, missing market estimates of 12.48%, according to Refinitiv IBES data.
Net income rose to $151.9 million, or $3.85 per share, from $129.3 million, or $3.12 per share, a year earlier.
Total revenue rose to $1.36 billion from $1.15 billion in the fourth quarter ended Jan. 3, compared with analysts’ estimates of $1.39 billion.
