Lawsuit filed for Investors who lost money with shares of Domino's Pizza, Inc. (NYSE: DPZ)

An investor, who purchased shares of Domino's Pizza, Inc. (NYSE: DPZ), filed a lawsuit over alleged violations of Federal Securities Laws by Domino's Pizza, Inc. in connection with certain allegedly false and misleading statements.

Investors who purchased shares of Domino's Pizza, Inc. (NYSE: DPZ) have certain options and for certain investors are short and strict deadlines running. Deadline: November 19, 2024. NYSE: DPZ investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

Ann Arbor, MI based Domino's Pizza, Inc., through its subsidiaries, operates as a pizza company in the United States and internationally. The Company's largest "master franchisee"-i.e., a franchisee that is charged with developing a geographical area and may profit by sub-franchising and selling food and equipment to those sub-franchisees-is Domino's Pizza Enterprises ("DPE"). As of December 31, 2023, DPE operated 3,840 stores in 12 international markets, accounting for approximately 28% of the Company's international store count and 19% of its global store count.
The Company's largest "master franchisee"-i.e., a franchisee that is charged with developing a geographical area and may profit by sub-franchising and selling food and equipment to those sub-franchisees-is Domino's Pizza Enterprises ("DPE"). As of December 31, 2023, DPE operated 3,840 stores in 12 international markets, accounting for approximately 28% of the Company's international store count and 19% of its global store count.
In December 2023, Domino's Pizza, Inc hosted its 2023 Investor Day, during which Domino's Pizza, Inc provided new long-term guidance of "1,100+" annual global net store growth for the years 2024 to 2028.

On July 18, 2024 Domino's Pizza, Inc announced its financial results for the second quarter of 2024. According to Domino's Pizza, Inc, 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." Based on this shortfall, "the 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."

Shares of Domino's Pizza, Inc. (NYSE: DPZ) declined from $539.99 per share on April 29, 2024, to $396.06 per share on September 11, 2024.

The plaintiff claims that between December 7, 2023 and July 17, 2024, the defendants made false and/or misleading statements and/or failed to disclose that DPE, the Company's largest master franchisee, was experiencing significant challenges with respect to both new store openings and closures of existing stores, that as a result, Domino's was unlikely to meet its own previously issued long-term guidance for annual global net store growth, that accordingly, Domino's business and/or financial prospects were overstated, and that as a result, the Company's public statements were materially false and misleading at all relevant times.

Those who purchased shares of Domino's Pizza, Inc. (NYSE: DPZ) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.