Domino’s Pizza shares drop after revenue miss

Domino’s Pizza Inc. shares fell nearly 2% in Tuesday premarket trading after the restaurant chain announced fourth-quarter revenue that missed estimates. Net income for the quarter totaled $93.3 million, or $2.09 per share, up from $72.7 million, or $1.48 per share, for the same period last year. Revenue was $891.5 million, up from $819.4 last year. The FactSet consensus was for EPS of $1.95 and sales of $905.0 million. Domestic same-store sales rose 4.2%, while the international division reported same-store sales growth of 2.5%. The FactSet consensus was for domestic same-store sales growth of 6% and international growth of 5.2%. Domino’s shares are up 17.5% for the last year, outpacing the S&P 500 index , which is up 16.2% for the period.

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