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Domino’s earnings miss expectations as pizza chain cites tough labor market, higher costs

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An employee places a cooked pizza into a delivery box inside a Domino’s Pizza Group Plc store.
Jason Alden | Bloomberg | Getty Images

Domino’s Pizza on Thursday reported mixed quarterly results as the pizza chain struggled with higher costs and the ongoing shortage of delivery drivers.

Shares of the company fell less than 1% in premarket trading.

Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:

Earnings per share: $2.82 vs. $2.91 expectedRevenue: $1.07 billion vs. $1.05 billion expected

Domino’s reported second-quarter net income of $102.5 million, or $2.82 per share, down from $116.6 million, or $3.06 per share, a year earlier.

Net sales rose 3.2% to $1.07 billion.

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