ANN ARBOR, Mich. (AP) — Domino's Pizza is reporting a weaker-than-expected third quarter with rising pressure from third-party delivery services like UberEats and DoorDash.
And for the fourth consecutive quarter, same-store sales in the U.S. are falling short of expectations.
Sales at U.S. stores open at least a year rose 2.4%, shy of the 2.7% growth Wall Street had anticipated, according to analysts polled by FactSet.
The world's biggest pizza chain said Tuesday that net income rose 3% to $86.4 million, or $2.05 per share, 2 cents short of Wall Street forecasts. Revenue rose 4% to $820.8 million, also lower than expected.
The company opened 214 stores in the quarter as it continues a rapid expansion it hopes will check competitors and boost speedy deliveries.
It's under pressure from delivery services that offer discounts elsewhere.