Financial PerformanceThe 2Q saw DPZ narrowly miss top-line estimates with a miss on the bottom line on weaker store-margins and as G&A higher during an investment year.
International GrowthDomino's reduced its international unit growth guidance by 175-275 restaurants amid weakness and planned closures in France and Japan.
Stock PerformanceDPZ shares are -10% vs June peak likely owing to macro/category overhangs (weak consumer, value, rates, etc), rising 2H risks (margins, etc) & a 40% P/E premium vs peers.