U.S. Markets closed

Domino's Pizza shares tank after sales growth not as strong as expected

Heidi Chung
Reporter

Domino’s Pizza ( DPZ ) shares tanked 7.29% as of 9:38 a.m. ET on Thursday and are on pace for their worst day since July 25, 2017 after reporting disappointing Q4 sales both in the U.S. and internationally.

Same-store sales in the U.S. grew 5.6% the quarter which was weaker than Wall Street estimates of 7.2% growth. International same-store sales grew 2.4% and was softer than analysts’ 4.2% growth expectations.

"I am pleased with our fourth quarter, which capped a very strong 2018 for Domino's," CEO Ritch Allison said in a statement. "Our long-game approach, driven by fundamentals and the finest franchisee base in QSR across the globe, continues to pace the industry – and we are excited to execute our global strategy in 2019 and beyond."

Earnings were weaker than expected at $2.62 per share. Analysts were expecting earnings per share of $2.69.

Revenue during Q4 came in at $1.08 billion and fell short of analyst predictions for revenue of $1.10 billion.

Heidi Chung is a reporter at Yahoo Finance. Follow her on Twitter: @heidi_chung .

Follow Yahoo Finance on Twitter , Facebook , Instagram , Flipboard , LinkedIn , and reddit .

More from Heidi:

FOMC members split on need for rate hikes later this year

This travel startup wants to up your vacation Insta game

Wall Street is rethinking its 2019 investment strategy

It’s all about the experiences this Valentine’s Day, according to Mastercard

Yum Brands earnings disappoint, but KFC, Taco Bell and Pizza Hut sales beat