Domino’s Pizza quarterly revenue misses estimates on slowing demand

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The world’s largest pizza chain was pressured by competition from those including McDonald’s Corp (NYSE:MCD) and Chipotle Mexican Grill Inc (NYSE:CMG), as the roll-out of vaccines and easing lockdowns encouraged consumers to dine out at restaurants.

Total revenue rose to $983.7 million in the first quarter from $873.1 million a year earlier, compared with estimates of $984.77 million, according to IBES data from Refinitiv.

Net income fell to $117.8 million, or $3 per share, from $121.6 million, or $3.07 per share, a year earlier.

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