Tuesday, February 26, 2008

Domino's Pizza can't avoid the earnings Noid

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!

1 comment:

Anonymous said...

At least they didn't blame rising pepperoni prices...