Why Domino's Stock Lost 12% in July

Domino's (NYSE: DPZ) stock trailed the market last month, shedding 12% compared to a 1% uptick in the S&P 500, according to S&P Global Market Intelligence. That decline put the restaurant chain in negative territory for the year compared to a 17% increase in the wider market.

Image source: Getty Images.

Investors pushed shares lower after the pizza delivery leader reported sluggish sales growth for the fiscal second quarter. In mid-July, Domino's revealed its fifth consecutive quarter of slowing comparable-store sales, which fell to 3% from 4% in the previous quarter. Shareholders had enjoyed comps of 8% as recently as early 2018.

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