Domino’s Pizza, Inc.
Investors that purchased the Company’s securities and have suffered a loss, please fill in transaction information below, or email to info@portnoylaw.com.
There is no cost or obligation associated with submitting your information. If you are a shareholder who suffered a loss, please submit your contact information and purchase information to participate in the putative class action.
We also encourage you to contact Lesley F. Portnoy of The Portnoy Law Firm, at 310.692.8883, to discuss your rights free of charge. You can also reach us through the firm’s website at www.portnoylaw.com, or by email at info@portnoylaw.com.
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CONTACT:
Portnoy Law Firm
Lesley F. Portnoy, Esq.,
www.portnoylaw.com
Office: 310.692.8883
1800 Century Park East, Suite 600
Los Angeles, CA 90067
info@portnoylaw.com
CASE SUMMARY: Domino’s Pizza operates in the U.S. and internationally through its subsidiaries.
A class action lawsuit against Domino’s Pizza claims that during the Class Period, the company made false or misleading statements and failed to disclose important information. Specifically, it alleges that Domino’s Pizza Enterprises (DPE), its largest master franchisee, was facing significant problems with opening new stores and closing existing ones. This made it unlikely for Domino’s to achieve its previously announced long-term growth targets for new stores.
On July 18, 2024, Domino’s announced that it expected to fall short of its goal by 175 to 275 stores, aiming for 925+ net stores internationally, mainly due to DPE’s challenges. They also stated that they were temporarily suspending their guidance for 1,100+ global net stores until they could assess the full impact of DPE’s store openings and closures. Following this announcement, Domino’s stock price dropped by over 13%.
