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Domino’s stock falls despite 3Q sales growth

Same-store sales rise 8.4 percent; unit count grows

Domino’s Pizza Inc.'s U.S. same-store sales increased 8.4 percent in its fiscal third quarter ended Sept. 10, the company said Thursday, its 26th straight quarter of same-store sales increases. 

International same-store sales increased 5.1 percent during the period, the 95th straight positive quarter. 

“The momentum behind this business continues to amaze me,” Domino’s CEO Patrick Doyle said in a statement. 

But the performance wasn’t enough for investors: Domino’s stock was down more than 6 percent in pre-market trading. 

Still, the company continues to generate strong sales growth that is prompting operators to build more locations. On a two-year stacked basis, Domino’s domestic same-store sales have risen more than 21 percent.

The company opened 53 new domestic locations in the quarter and has added 218 units in the U.S. over the past four quarters, now operating 5,491 domestic locations. Overall, Domino’s had 14,434 units worldwide as of Sept. 10.

Revenue at the Ann Arbor, Mich.-based pizza chain increased 13.6 percent, to $643.6 million, from $566.7 million the previous year. Net income increased 19.3 percent, to $56.4 million, or $1.18 per share, from $47.2 million, or 96 cents per share the previous year. 

Contact Jonathan Maze at [email protected]

Follow him on Twitter: @jonathanmaze

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