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Domino’s Pizza (DPZ) Q4 2021 earnings miss, CEO Ritch Allison to retire

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At a Domino’s Pizza in Detroit, an employee takes a customer’s order.

Bloomberg | Bloomberg | Getty Images

Domino’s Pizza on Tuesday reported quarterly earnings and revenue that fell short of analysts’ expectations.

Ritch Alison, CEO at Domino’s pizza chain announced his retirement. Russell Weiner (U.S. President and Chief Operating Officer) will replace him.

Premarket trading saw shares of the company fall by approximately 6%

This is what the company said compared to what Wall Street expected based upon a Refinitiv survey of analysts:

  • Earnings per share: $4.25 vs. $4.28 expected
  • Revenues: $1.34 Billion vs. expected $1.38 Billion

This pizza restaurant reported fourth-quarter net earnings of $155.7 million. That’s $4.25 per share. It was up from $151.9million or $3.85/share a year before. Refinitiv analysts expected earnings per share to be $4.28, according to Refinitiv.

Net sales dropped 13.4% to $1.34 billion, missing expectations of $1.38 billion.

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