Domino's Shares Drop 10% After Weak Sales

Domino's stock fell about 10% in morning trading after reporting U.S. same-store sales growth of only 0.9%, below 2.3% expected.
The company cut its full-year U.S. same-store sales outlook to low-single-digit growth, down from a prior 3% projection.
CEO Russell Weiner warned winter weather, fuel prices from the U.S.-Israeli war with Iran, and weak consumer sentiment will affect fast‑food chains.
Domino's market cap fell to roughly $11.2 billion, with shares down nearly one-third over the past year.