Domino’s Pizza stock falls 3% after U.S. same-store sales turn negative

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Domino's in DenmarkFrancis DeanDomino's Pizza shares were down more than 3% in premarket trading after the pizza chain's third-quarter revenue fell short of estimates and its U.S. same-store sales turned negative.The pandemic brought skyrocketing demand for Domino's pizza in its home market, but as consumers were vaccinated and states relaxed restrictions, investors began to worry about pizza fatigue. Last quarter, despite facing tough comparisons, U.S. same-store sales still rose 3.5%.The company's third quarter seems to be the turning point. U.S. same-store sales shrank by 1.9%, although the metric was up by 15.6% on a two-year basis. StreetAccount estimates forecast that the company would report U.S. same-store sales growth of 1.8%.The decline in U.S. demand led the pizza chain to fall short of Wall Street's revenue estimates. Analysts surveyed by Refinitiv were expecting net sales of $1.04 billion, but Domino's reported $998 million in revenue for the quarter.Outside the U
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