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].
SHAREHOLDER ALERT: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Domino's Pizza