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LOS ANGELES, Nov. 05, 2024 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Domino’s Pizza, Inc. (" Domino’s Pizza " or the "Company") (NYSE:DPZ) investors of a class action representing investors that bought securities between December 7, 2023 and July 17, 2024, inclusive (the "Class Period"). Domino’s Pizza investors have until November 19, 2024 to file a lead plaintiff motion.
Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 310-692-8883 or email: lesley@portnoylaw.com, to discuss their legal rights, or click here to join the case. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors’ options for pursuing claims to recover their losses.
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%.
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The Portnoy Law Firm represents investors in pursuing claims against caused by corporate wrongdoing. The Firm’s founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.
Lesley F. Portnoy, Esq.
Admitted CA and NY Bar
lesley@portnoylaw.com
310-692-8883
www.portnoylaw.com
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