Why Domino's Pizza Stock Is Trading Lower Today

Domino's Pizza DPZ shares are trading lower on Thursday after the company reported mixed Q4 financial results and lowered its multi-year outlook.

Domino's Pizza reported quarterly earnings of $4.43 per share which beat the analyst consensus estimate of $3.95 per share. The company reported quarterly sales of $1.39 billion which missed the analyst consensus estimate of $1.44 billion.

"The Domino's system has a lot to be proud of while also having opportunities to address. We experienced significant pressure on our U.S. delivery business in 2022 and focused our efforts on creating solutions ... Over half of our orders in the U.S. now come through the carryout channel, and we are #1 in both the delivery and carryout QSR pizza segments. Our brand and company are better positioned than ever to win in the marketplace and create meaningful value for our shareholders," said Russell Weiner, Domino's CEO.

Domino’s updated its two-to three-year outlook from 6% to 10% global retail sales growth to 4% to 8% global retail sales growth, excluding foreign currency impact. The company also lowered its global net unit growth expectations from a range of 6% to 8% to a range of 5% to 7%. Domino's expects results for fiscal 2023 to come in towards the low-end of the ranges for both metrics.

Domino's Pizza is the largest pizza company in the world, with a significant business in both delivery and carryout pizza.

Related Link: Domino's Pizza Q4 Highlights: ~4% Sales Growth, Bottom-Line Beat, 10% Dividend Hike, Reduced Outlook & More

DPZ Price Action: Domino's Pizza has a 52-week high of $448.99 and a 52-week low of $299.41.

Domino's Pizza shares are down 12.3% at $305.55 at the time of publication, according to Benzinga Pro.

Photo: courtesy of Domino's.