Domino's pizza's stock slides after revenue miss and warning of fewer new restaurant openings

Domino’s Pizza Inc.’s stock fell 10.7% early Thursday, after the pizza-delivery company’s better-than-expected fiscal second-quarter profit was overshadowed by a revenue miss. The Ann Arbor,

Michigan-based company also disclosed issues with a master franchisee that will prevent it from meeting its target for global net new store openings this year. Domino’s expects to open more

than 175 stores annually in the U.S. between 2024 and 2028. But it expects international openings to fall 175 to 275 stores below its 2024 goal of more than 925 new stores, mostly due to

challenges in openings and closings being faced by Domino’s Pizza Enterprises, or DPE, one of its master franchisees.