Domino’s PizzaAfter the company’s third quarter revenue was below expectations and after its U.S. Same-Store Sales turned negative, shares fell more than 3% before market trading.

The pandemic resulted in a skyrocketing pizza demand, however, as more people were vaccinated than states and restrictions relaxed, investors started to fear about pizza fatigue. Even though there were some tough comparisons last quarter U.S. same-store sales still rose 3.5%.

Third quarter of the year seems to have been the turning point for the company. U.S. same store sales declined by 1.9% despite the fact that they were up 15.6% over a 2-year period. StreetAccount projects that U.S. Same-Store Sales Growth will be 1.8%.

Wall Street revenue expectations were surpassed by the decline in U.S. pizza demand, which led to Domino’s falling short. Refinitiv analysts expected net sales to reach $1.04 trillion, while Domino’s generated revenue of $998 million for the quarter.

The company is doing much better outside the United States. On a 2-year basis, international same-store revenues grew by 8.8% and 15% respectively.

Domino’s earned 3.24 per share in the third quarter. This is higher than the expected $3.11 per shares by Refinitiv analysts.

Domino’s shares fell more than 5 percent on Thursday. But, this stock is up 19% in the past year. This brings its market value at $17 billion.

Read Domino’s press release