Domino’s shares are tanking

Christof Stache/AFP/Getty Images

Shares in Domino’s Pizza were tanking despite posting a full year statutory profit of $121.5 million, up 18.1%.

A short time ago, the shares were down 12.5% to $45.84.

The result was below market analyst expectations of about $136.8 million.

Total sales at Domino’s grew 11.7% to $2.59 billion.

And the company added almost six stores a week in the 2018 financial year, building 145 new stores and acquiring 163 from other brands.

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