NEW YORK, July 29, 2024 - (NewMediaWire) - Kaplan Fox & Kilsheimer LLP is investigating potential securities violations against Domino’s Pizza Inc. (DPZ) (“Domino’s” or the “Company”) (NYSE: DPZ).
CLICK HERE TO RECEIVE MORE INFORMATION ABOUT THIS INVESTIGATION
If you are an investor in Domino’s and have suffered losses, you may click here to contact us. You may also contact Kaplan Fox by emailing pmayer@kaplanfox.com or by calling (646) 315-9003.
On April 29, 2024, Domino’s issued a press release reporting first quarter results in which it reiterated its prior guidance of “1100+ Annual global net store growth,” which included international net store growth of 925 stores.
Then, on July 18, 2024, the Company issued a press release reporting second quarter results in which it suspended its prior net store guidance and said that Global net store growth is expected to be only 825 to 925 in 2024. The Company explained that new store growth “will fall 175 to 275 stores below its 2024 goal of 925+ net stores in international primarily as a result of challenges in both openings and closures being faced by Domino’s Pizza Enterprises (“DPE”), one of its master franchisees.”
Following this news, Domino’s stock price dropped over $64 per share, more than 13% on July 18, 2024, closing at $409.04.
WHY CONTACT KAPLAN FOX - Kaplan Fox is a leading national law firm focusing on complex litigation with offices in New York, Oakland, Los Angeles, Chicago and New Jersey. With over 50 years of experience in securities litigation, Kaplan Fox offers the professional experience and track record that clients demand. Through prosecuting cases on the federal and state levels, Kaplan Fox has successfully shaped the law through winning many important decisions on behalf of our clients. For more information about Kaplan Fox & Kilsheimer LLP, you may visit our website at www.kaplanfox.com.
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If you have any questions about this investigation, please contact:
Pamela A. Mayer
KAPLAN FOX & KILSHEIMER LLP
800 Third Avenue, 38th Floor
New York, New York 10022
(646) 315-9003
E-mail: pmayer@kaplanfox.com
Laurence D. King
KAPLAN FOX & KILSHEIMER LLP
1999 Harrison Street, Suite 1560
Oakland, California 94612
(415) 772-4704
Fax: (415) 772-4707
E-mail: lking@kaplanfox.com
Topic: Press release summary
Source: Kaplan Fox & Kilsheimer LLP
Sectors: Legal & Compliance
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