DPZ Stock Alert: Robbins LLP Reminds Investors with Large Losses of the Class Action Lawsuit Against Dominio's Pizza, Inc.

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].