Domino's Cuts Global Expansion Plans as Q2 Sales Fall Short

Pizza giant reports lower-than-expected revenue and reduces international store growth targets, leading to a significant drop in share price.

Domino's second-quarter revenue grew 7.1% to $1.1 billion, missing analyst estimates.
The company suspended its goal of 1,100 net new global stores due to challenges faced by key franchisees.
U.S. same-store sales increased by 4.8%, while international same-store sales rose 2.1%.
Domino's shares fell by over 12% following the earnings report.
CEO Russell Weiner emphasized continued focus on value-driven promotions and profitable order growth.