Domino's 1-Q profits fall 67%

ANN ARBOR Mich. Domino's Pizza Inc. posted a 67.9-percent decline in first-quarter profit, versus a year ago, on increased costs related to the company's recent recapitalization and soft same-store sales in the United States, the company said Wednesday.

For the quarter ended March 25, net income dropped to $8.4 million, or 13 cents per share, from $26.2 million, or 39 cents per share, in the year-ago first quarter. Corporate revenues for the latest quarter dec

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