Core Viewpoint - A class action lawsuit has been filed against Domino's Pizza, Inc. due to alleged misleading statements regarding its master franchisee's challenges, impacting the company's store growth guidance [1][2]. Group 1: Lawsuit Details - The lawsuit was filed in the U.S. District Court for the Eastern District of Michigan on behalf of investors who acquired Domino's securities from December 7, 2023, to July 17, 2024 [1]. - Investors have until November 19, 2024, to apply to be appointed as lead plaintiff in the lawsuit [1]. - The lawsuit alleges that Domino's failed to disclose significant challenges faced by its largest master franchisee, Domino's Pizza Enterprises (DPE), regarding new store openings and closures [2]. Group 2: Financial Performance and Impact - On July 18, 2024, Domino's announced it expected to fall 175 to 275 stores below its 2024 goal of 925+ net stores internationally due to challenges faced by DPE [1]. - The company temporarily suspended its guidance metric of 1,100+ global net stores until the full impact of DPE's store openings and closures is assessed [1]. - Following the announcement, Domino's share price dropped by $64.23, or approximately 13.6%, from $473.27 to $409.04 per share [1]. Group 3: Company Background - Kirby McInerney LLP is a New York-based law firm specializing in securities litigation, with a history of achieving recoveries totaling billions of dollars for shareholders [3].

PHILADELPHIA, Oct. 18, 2024 (GLOBE NEWSWIRE) -- A securities class action lawsuit has been filed against Domino's Pizza, Inc. ("Domino's" or the "Company") (NYSE: DPZ). The lawsuit has been filed on behalf of purchasers of Domino's securities between December 7, 2023 and July 17, 2024, inclusive (the "Class Period"). CLICK HERE TO LEARN MORE ABOUT THIS LAWSUIT. Investors who purchased or acquired DOMINO'S securities during the Class Period may, no later than NOVEMBER 19, 2024, seek to be appointed as a lead ...

ANN ARBOR, Mich., Oct. 17, 2024 /PRNewswire/ -- Domino's Pizza Inc. (NYSE: DPZ), the largest pizza company in the world, today announced the promotion of Kate Trumbull to Executive Vice President, Chief Marketing Officer, effective Nov. 1, 2024. In her new role, Trumbull will oversee global marketing and continue to report to Joe Jordan, President, U.S. and Global Services. Additionally, Risa O'Hara and the international marketing team will report to Trumbull as part of this expanded global marketing organi ...

Core Viewpoint - DPC Dash, the exclusive master franchisee for Domino's Pizza in China, is experiencing robust growth and has achieved significant milestones in 2024, including a strong financial performance and an expanding store network [1][2][4]. Company Performance - DPC Dash reported a positive net profit after tax and adjusted net profit after tax for the first half of 2024, indicating effective management strategies despite challenging macroeconomic conditions [2]. - The store count reached 978 in the third quarter of 2024, with plans to exceed 1,000 by mid-November [2]. - The third quarter marked the 29th consecutive quarter of positive same-store sales growth, reflecting the company's commitment to quality and customer satisfaction [2]. - DPC Dash secured 28 of the top 30 positions for first 30-day sales among Domino's global network of over 21,000 stores, showcasing the strength of the Domino's brand and DPC Dash's operational expertise [2]. - Total loyalty program membership surged to 21.7 million, indicating increased customer engagement [2]. Shareholder Update - Domino's Pizza LLC agreed to allocate 10,000,000 shares of DPC Dash, representing 7.66% of its total issued share capital, to institutional investors through off-market block trades [3]. - Following this share transfer, Domino's Pizza LLC retains 8,101,019 shares, accounting for 6.21% of DPC Dash's total issued share capital [3]. - Domino's Pizza LLC has committed to a 90-day lock-up period for its remaining shares, maintaining a strong relationship with DPC Dash rooted in their long-term Master Franchise Agreement [3]. Management Commentary - The CEO of Domino's Pizza expressed satisfaction with DPC Dash's performance and growth, highlighting the importance of the equity investment in providing growth capital [4]. - The CEO of DPC Dash emphasized the positive impact of the liquidity event on trading liquidity and the attraction of long-term investors, while looking forward to continuing the relationship with Domino's Pizza [4]. Company Overview - DPC Dash operates as the exclusive master franchisee for Domino's Pizza in China, Hong Kong, and Macau, with a focus on a localized pizza menu and delivery expertise [5]. - As of September 30, 2024, DPC Dash operates more than 978 stores across 33 cities in China [5]. - Domino's Pizza, Inc. is the largest pizza company globally, with over 21,000 stores and retail sales exceeding $18.9 billion for the trailing four quarters ended September 8, 2024 [6].

Core Viewpoint - A class action lawsuit has been filed against Domino's Pizza, Inc. for allegedly misleading investors regarding its growth projections during a specified period [1][2]. Group 1: Allegations and Challenges - The lawsuit claims that Domino's failed to disclose significant challenges faced by its largest master franchisee, Domino's Pizza Enterprises (DPE), particularly in new store openings and closures [2]. - As a result of these challenges, Domino's is unlikely to meet its previously issued long-term guidance for annual global net store growth [2]. - The company announced on July 18, 2024, that it expects to fall 175 to 275 stores short of its 2024 goal of over 925 net stores internationally, leading to a temporary suspension of its guidance metric of 1,100+ global net stores [3]. Group 2: Financial Impact - Following the announcement of its Q2 2024 financial results, Domino's stock price dropped by $64.23 per share, or 13.57%, closing at $409.04 per share on July 18, 2024 [3]. Group 3: Class Action Participation - Shareholders who wish to serve as lead plaintiffs in the class action must submit their applications by November 19, 2024 [4]. - Participation in the case is not required to be eligible for recovery, allowing shareholders to remain absent class members if they choose [4].

Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Domino's Pizza, Inc. due to allegations of misleading statements regarding its business performance and store growth challenges [2][4]. Group 1: Legal Investigation - The law firm is encouraging investors who suffered losses exceeding $100,000 in Domino's between December 7, 2023, and July 17, 2024, to discuss their legal rights [1]. - There is a deadline of November 19, 2024, for investors to seek the role of lead plaintiff in a federal securities class action against Domino's [2]. Group 2: Allegations Against Domino's - The complaint alleges that Domino's and its executives violated federal securities laws by making false and misleading statements about the company's performance [4]. - Specific allegations include that Domino's largest master franchisee, DPE, faced significant challenges with new store openings and closures, leading to an inability to meet previously issued long-term guidance for annual global net store growth [4]. Group 3: Financial Impact - On July 18, 2024, Domino's announced it expected to fall 175 to 275 stores short of its 2024 goal of over 925 net stores due to challenges faced by DPE [5]. - Following this announcement, Domino's stock price dropped by $64.23 per share, or 13.57%, closing at $409.04 per share [6].

PHILADELPHIA, Oct. 15, 2024 (GLOBE NEWSWIRE) -- Nationally recognized law firm Berger Montague PC informs investors that a lawsuit was filed against Domino's Pizza, Inc. ("Domino's" or the "Company") (NYSE: DPZ) on behalf of purchasers of Domino's securities between December 7, 2023 through July 17, 2024, inclusive (the "Class Period"). Investors that suffered losses from DOMINO'S (NYSE: DPZ) investments can follow the link below for more information regarding the lawsuit: CLICK HERE to learn more about the ...

Core Viewpoint - Domino's Pizza reported mixed Q3 2024 earnings, with strong earnings per share (EPS) but missed revenue expectations, leading to a cautious outlook from analysts [1][3]. Financial Performance - EPS for Q3 2024 was $4.19, exceeding consensus estimates of $3.71 [3]. - Revenue was reported at $1.08 billion, slightly below the forecast of $1.10 billion [3]. - Year-to-date stock performance shows a 3.91% increase, with shares rising from $407.38 to $429.67 [1]. Growth and Guidance - The company reduced its retail sales growth projection from 7% to 6% [3]. - Expansion goals were revised down from 1,100 new stores to a range of 800 to 850 [3]. - Same-store sales growth was only 0.8% internationally, with U.S. same-store sales also missing expectations [3]. Analyst Sentiment - Analysts have adjusted price targets downward, with the average target now at $472.92, reflecting a potential upside of 10.07% from the current price [5][6]. - Ratings include 16 'Buy', 9 'Hold', and 1 'Sell', indicating a mixed outlook [5][6]. - Notable price target revisions include a decrease from $580 to $500 by BTIG, while Benchmark maintained a target of $520 [5].

The market continued to be impressed by the previous day's convincing bottom-line beat. One trading session after Domino's Pizza (DPZ 5.12%) delivered its latest set of quarterly earnings figures, the company's shares zoomed more than 5% higher on Friday. A clutch of pundits tracking the stock weighed in on those results, and investors chose to accept the more positive takes. That 5%-plus share price rise was far higher than the 0.8% advance of the S&P 500 across the day. A powerful earnings beat For its th ...

Group 1 - The core viewpoint is that Domino's Pizza (NYSE: DPZ) shares were recommended as a buy in May 2023 due to a historically cheap valuation and positive growth prospects in international markets [1] - Since the recommendation, Domino's Pizza shares have increased by approximately 40% [1] Group 2 - The analyst, Ian Bezek, has a background as a former hedge fund analyst and has spent a decade conducting research in Latin America, focusing on markets such as Mexico, Colombia, and Chile [2] - Bezek specializes in identifying high-quality compounders and growth stocks at reasonable prices in the US and other developed markets [2]