Higher interest payments on restructuring loans drove profits down 64.3 percent to $37.9 million, from $106.2 million in 2006. The pizza behemoth paid out 1.03 a share last for 2007, down from $1.56 in 2006. Analysts had forecast earnings of $1.09 a share.
On the good side Domino's worldwide sales increased by 6.6% in 2007.
In a prepared statement, Domino's CEO David Brandon said "The combination of unprecedented cost inflation and cautious consumer spending continues to create significant challenges for us in our domestic market"
Earnings!
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1 comment:
At least they didn't blame rising pepperoni prices...
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