<p><a href="https://www.deccanherald.com/tags/dominos-pizza">Domino's Pizza</a> will open fewer stores than expected in its international markets, it said on Thursday, as the pizza giant battles muted demand from cost-conscious consumers, sending its shares down 12 per cent in early trading.</p>.<p>The pizza giant also warned of sequentially slower comparable sales for the third quarter and fell short of same-store sales expectations for the three-month period ended June 16.</p>.Pizza, politics, and world peace.<p>Domino's said its target to open more than 925 international outlets for the year would fall short by about 275 after its Australia-based master franchise said earlier this week it was closing low-volume stores in Japan and France.</p>.<p>The Domino's Pizza Enterprises is the largest franchisee for the brand and has more than 3,800 stores in 12 international markets, according to Domino's Australia's website.</p>.<p>"That's a little bit of a concern because international unit growth was a kind of a key component of the company's long-term growth strategy," Northcoast Research analyst Jim Sanderson said.</p>.<p>The company also suspended its target of having 1,100 global net new stores through 2024 to 2028.</p>.<p>Domino's US same-store sales rose 4.8 per cent, lagging expectations of 4.9 per cent. International same-store sales increased 2.1 per cent, compared to estimates of 2.5 per cent, according to LSEG data.</p>.<p>Sequentially slower US growth in food services in June signaled consumers were still trying to stretch their budgets, despite a better-than-expected overall US retail sales report pointing to resilience.</p>.<p>Domino's CEO Russell Weiner said Americans continued to look for value. The company has catered to this demand through its refreshed loyalty program and offers such as the carry-out "boost" weeks that provide 50 per cent week-long discount.</p>.<p>The company said it would have one boost week each in the third and fourth quarters, compared with the two boost weeks in the reported period.</p>.<p>Still, lower supply-chain costs helped the company earn a profit of $4.03 per share, compared with expectations of $3.68.</p>
<p><a href="https://www.deccanherald.com/tags/dominos-pizza">Domino's Pizza</a> will open fewer stores than expected in its international markets, it said on Thursday, as the pizza giant battles muted demand from cost-conscious consumers, sending its shares down 12 per cent in early trading.</p>.<p>The pizza giant also warned of sequentially slower comparable sales for the third quarter and fell short of same-store sales expectations for the three-month period ended June 16.</p>.Pizza, politics, and world peace.<p>Domino's said its target to open more than 925 international outlets for the year would fall short by about 275 after its Australia-based master franchise said earlier this week it was closing low-volume stores in Japan and France.</p>.<p>The Domino's Pizza Enterprises is the largest franchisee for the brand and has more than 3,800 stores in 12 international markets, according to Domino's Australia's website.</p>.<p>"That's a little bit of a concern because international unit growth was a kind of a key component of the company's long-term growth strategy," Northcoast Research analyst Jim Sanderson said.</p>.<p>The company also suspended its target of having 1,100 global net new stores through 2024 to 2028.</p>.<p>Domino's US same-store sales rose 4.8 per cent, lagging expectations of 4.9 per cent. International same-store sales increased 2.1 per cent, compared to estimates of 2.5 per cent, according to LSEG data.</p>.<p>Sequentially slower US growth in food services in June signaled consumers were still trying to stretch their budgets, despite a better-than-expected overall US retail sales report pointing to resilience.</p>.<p>Domino's CEO Russell Weiner said Americans continued to look for value. The company has catered to this demand through its refreshed loyalty program and offers such as the carry-out "boost" weeks that provide 50 per cent week-long discount.</p>.<p>The company said it would have one boost week each in the third and fourth quarters, compared with the two boost weeks in the reported period.</p>.<p>Still, lower supply-chain costs helped the company earn a profit of $4.03 per share, compared with expectations of $3.68.</p>