Domino’s Pizza’s stock slides 2.6% early Thursday, after Q3 revenue falls short of estimates

Domino’s Pizza Inc.’s stock
DPZ,
-0.44%
slid 2.6% in premarket trade Thursday, after the pizza chain posted weaker-than-expected revenue for the third quarter. The company had net income of $147.7 million, or $4.18 a share, for the quarter, up from $100.5 million, or $2.79 a share, in the year-earlier period. Revenue fell to $1.027 billion from $1.069 billion a year ago. The FactSet consensus was for EPS of $3.31 and revenue of $1.050 billion. Revenue was weighed down by lower supply chain revenue and lower U.S. company-owned store revenue. U.S. same-store sales fell 0.6%. The company closed its remaining 143 stores in Russia during the quarter after the franchisee that operated them filed for bankruptcy, although the company has not received fees or royalties from Russia since its invasion of Ukraine. The stock has gained 2.2% in the year to date, while the S&P 500
SPX,
+0.43%
has gained 14%.