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Benzinga
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Domino's Pizza shares fell over 8% after U.S. same-store sales grew just 0.9%, missing the 2.3% estimate. CEO Russell Weiner cited winter weather and weak consumer sentiment tied to higher fuel prices. The company lowered its full-year U.S. same-store sales outlook to low-single digit growth from 3%. Domino's shares have lost nearly a third of their value over the past year, with a market cap of ~$11.2B.

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00:00It's Benzinga bringing Wall Street to Main Street.
00:03Domino's pizza shares fell more than 8% on Monday after the company reported U.S. same-store sales
00:09growth of 0.9%, missing Wall Street estimates of 2.3%, according to CNBC. CEO Russell Weiner
00:17said the result fell short of expectations. The company lowered its full-year U.S. same-store
00:22sales outlook to low single-digit growth from a prior forecast of 3%. Weiner said winter weather
00:28and weak consumer sentiment tied to higher fuel prices' pressured results. Domino's faced
00:33increased competition as rival chains matched or undercut the company's promotions. The CEO said
00:39Domino's has a larger advertising budget than its next two competitors combined and noted both are
00:45being put up for sale, indicating weak conditions for rivals. Domino's shares have lost nearly a
00:50third of their value over the past year, and its market cap stands at about $11.2 billion.
00:56For all things money, visit Benzinga.com.
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