Gainey McKenna & Egleston Announces A Class Action Lawsuit Has Been Filed Against Domino's Pizza, Inc. (DPZ)

Lawsuit Overview - A securities class action lawsuit has been filed against Domino's Pizza, Inc on behalf of investors who purchased or acquired the company's securities between December 7, 2023, and July 17, 2024 [1] - The lawsuit aims to recover damages for investors under federal securities laws [1] Allegations - Defendants allegedly failed to disclose significant challenges faced by DPE, Domino's largest master franchisee, regarding new store openings and closures of existing stores [2] - As a result, Domino's was unlikely to meet its previously issued long-term guidance for annual global net store growth [2] - Domino's business and/or financial prospects were allegedly overstated [2] Financial Impact - Domino's expects to fall 175 to 275 stores below its 2024 goal of 925+ net stores internationally, primarily due to challenges faced by DPE [3] - The company is temporarily suspending its guidance metric of 1,100+ global net stores until the full effect of DPE's store openings and closures on international net store growth is known [3] - Following the announcement, Domino's stock price fell $64 23 per share, or 13 57$409 04 per share on July 18, 2024 [3] Investor Actions - Investors who purchased or acquired shares of Domino's should contact the firm prior to the November 19, 2024 lead plaintiff motion deadline [4] - A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation [4]