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Domino's shares slide as revenue falls short

Tue Oct 13 08:53:00 -0400 2009

Reuters (New York)

- Domino’s Pizza Inc (DPZ.N) posted a steeper-than-expected decline in quarterly revenue, sending its shares down nearly 7 percent on Tuesday.

Telsey Advisory Group analyst Tom Forte tied the stock movement to the lackluster sales numbers, which missed his expectations. But Forte said the company’s efforts to take its menu beyond pizza were bearing fruit and drawing in customers. In particular, he said, the addition of sandwiches was helping lunch sales.

To view the full article, download the PDF here: Reuters, October, 13, 2009