Consumer
Domino’s CEO Looks Past Stock Drop as US Diners Respond to Deals
- Discounts helping drive order growth in US, CEO Says
- Stock fell 14% after suspending store count target last week
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Domino’s Pizza Inc.’s CEO is looking to reassure investors that its US value offerings and growth in markets like China will more than offset weakness in other parts of its business.
The chain suffered its worst one-day stock decline in more than a decade last week after unexpectedly suspending its store-growth target due to some international store closures by a major franchisee. Chief Executive Officer Russell Weiner is looking past the stock move, pointing to positive results in areas such as the US, where the chain has brought in diners as its rivals lose traffic.