Stock Alert: Domino's Pizza Down Nearly 5%

Domino's Pizza, Inc. (DPZ) shares are sliding as it withdrew two-to-three year outlook for global retail sales growth for the uncertainty in the global economy .

The shares are currently at $365.52, down 4.75 percent from the previous close of $383.75.

The company will host its first-quarter conference call at 10.00 am ET. The American multinational pizza restaurant chain reported 31.2 percent increase in first-quarter net income to $121.6 million, from $92.7 million, Earnings per share climbed to $3.07 from $2.20 in the prior year.

Revenue for the quarter rose 4.4 percent from the previous year, while U.S. same-store sales were up 1.6 percent. The company recorded global net store growth of 69.

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