Domino’s Pizza, Inc.

Registration Deadline:

11/19/2024

Submit Your Information

A securities class action has been filed in the USDC — E.D.MI. against Domino’s Pizza, Inc. (DPZ) (“Domino’s” or the “Company”), on behalf of all persons or entities that purchased or otherwise acquired Domino’s securities between December 7, 2023 and July 17, 2024, both dates inclusive (the “Class Period”).

 

Domino’s, through its subsidiaries, operates as a global pizza company in three segments: U.S. Stores, International Franchise, and Supply Chain. Domino’s offers pizzas and other food products under the Domino’s brand name through Company-owned and franchised stores. 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 subfranchisees—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 complaint alleges throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operations, and prospects. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that:

 

(1) DPE, the Company’s largest master franchisee, was experiencing significant challenges with respect to both new store openings and closures of existing stores;

(2) as a result, Domino’s was unlikely to meet its own previously issued long-term guidance for annual global net store growth;

(3) accordingly, Domino’s business and/or financial prospects were overstated; and

(4) as a result, the Company’s public statements were materially false and misleading at all relevant times, thereby harming investors.

 

If you purchased Domino’s securities during the class period and would like to receive more information or join the action, please enter your contact information below for a FREE consultation and click “Submit Your Information”.

 

About Lowey Dannenberg

Lowey Dannenberg is a national firm representing institutional and individual investors, who suffered financial losses resulting from corporate fraud and malfeasance in violation of federal securities and antitrust laws. The firm has significant experience in prosecuting multi-million-dollar lawsuits and has previously recovered billions of dollars on behalf of investors.

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