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Domino’s stock slips as same-store sales disappoint

Dominos stock slipped after the pizza maker reported quarterly earnings that disappointed Wall Street and raised some concern over the health of the US consumer.

Shares of Domino’s were down 4.4% in recent premarket trading as it posted earnings per share of $4.89, just a hair under the $4.90 analysts polled by FactSet were expecting. More concerning were its US same-store sales, which climbed only 0.4%, compared to the 1.1% analysts were expecting. It was the smallest increase in the past five quarters. Higher-than-expected international sales — 2.7%, compared to the 1.6% analysts penciled in — softened the blow.

Fast-food chains overall have been struggling to spark sales growth in the US as inflation-strapped consumers are still hunting for value. Still, Domino’s has outperformed its peers in recent quarters. Pizza Hut, owned by Yum! Brands, reported declining same-store sales for the last quarter of 2024.

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Netflix rises on announcement of its 10-for-1 stock split

Netflix’s subscription prices keep rising, but its shares are about to get a bit cheaper.

On Thursday, the streamer announced it’ll perform a 10-for-1 forward stock split. On November 17, traders who own a single Netflix share will own 10 shares, though the company’s underlying value will remain the same.

Netflix shares have surged about 270% over the past three years to $1,089 as of today’s close, as the streamer has captured more of the streaming market share. The stock rose roughly 3% in after-hours trading on Thursday following the announcement.

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