Why Domino's Pizza Stock Just Crashed 13%

At 31 times earnings and with store openings slowing, does Domino's stock cost too much? Shares of Domino's Pizza (DPZ -13.51%) were down 13.5% as of 1:35 p.m. ET Thursday despite reporting strong earnings in its fiscal Q2 2024 financial report this morning. So why is the stock down today? Total revenue for the pizza chain was up 7%, in line with expectations. However, Domino's appears to have fallen just short of predictions for same-store sales growth in particular (4.8%), and so relied more on opening ne ...