Domino's Pizza (DPZ) shares declined Monday after first-quarter results trailed Wall Street forecasts. Revenue reached $1.15 billion for the quarter. This represents a 3.5% increase from the prior year. The total fell short of the $1.16 billion analysts expected.
Diluted earnings per share fell to $4.13. This figure marks a 4.6% year-over-year decrease. The result missed the analyst consensus estimate of $4.29.
U.S. same-store sales grew 0.9%. This performance marked a significant slowdown from the previous quarter. Carryout sales increased 2.4%. Delivery segment sales declined 0.3%.
Management attributed the performance to a challenging macroeconomic environment and intensified competition. Unfavorable weather in March also impacted results.