Domino's Last Quarter Falls Flat

Date: MAY 2nd, 2007

Topic: Franchise News

A pizza is flat, and so was the latest quarter at Domino's Pizza (NYSE: DPZ). Sluggish domestic comps and the sale of some company-owned restaurants overseas to a master franchisee stung the company's top line. A hefty recapitalization charge stung on the way down to the bottom line.

Revenues dropped by 2% to $339.3 million for the first quarter. Earnings, before the recapitalization write-down, fell by a penny per share to $0.38.

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Source - Motley Fool
2007-05-02