NEW
YORK, Sept. 30, 2024 /PRNewswire/ -- Moore Law,
PLLC, a shareholder litigation law firm located on Wall Street, is
investigating potential claims against:
- Domino's Pizza, Inc. (NYSE: DPZ)
Shareholders should email Fletcher@fmoorelaw.com
The investigation concerns misrepresentations or omissions that
DPE, the Company's largest master franchisee, was experiencing
significant challenges with respect to both new store openings and
closures of existing stores; (ii) as a result, Domino's was
unlikely to meet its own previously issued long-term guidance for
annual global net store growth; and (iii) accordingly, Domino's
business and/or financial prospects were overstated.
On July 18, 2024, Domino's issued
a press release announcing its Q2 2024 financial results. Among
other items, Domino's disclosed that it "expects it 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." Accordingly, "[t]he Company is
temporarily suspending its guidance metric of 1,100+ global net
stores until the full effect of DPE's store opens and closures on
international net store growth are known."
On this news, Domino's stock price fell $64.23 per share, or 13.57%, to close at
$409.04 per share on July 18, 2024.
If you own Domino's Pizza, Inc. (NYSE: DPZ), please
contact Fletcher Moore by email
at fletcher@fmoorelaw.com or (212) 709-8245.
ABOUT MOORE LAW PLLC
Moore Law is a NYC plaintiff litigation law firm for
investors. We hold officers and directors accountable for
breaches of fiduciary duty, fraud, insider trading,
wasteful spending, and other corporate malfeasance. There is
no cost to you. Our investor cases are contingency only.
Fletcher Moore, Esq.
Moore Law, PLLC
fletcher@fmoorelaw.com
ww.fmoorelaw.com
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