Domino's expected to report weaker US sales in second quarter as investors look for recovery plans, UBS says

Domino's expected to report weaker US sales in second quarter as investors look for recovery plans, UBS says

Domino's Pizza Inc. (NYSE: DPZ) is expected to report weaker US sales in its second quarter, according to a note from UBS, as investors look for recovery plans.

The pizza giant is scheduled to report its second-quarter earnings on July 21, with UBS analyst John Ivankoe expecting same-store sales to fall 1.5% year-on-year.

“We expect Domino’s to report a second consecutive quarter of negative US same-store sales,” Ivankoe wrote in a note.

The analyst said he expects Domino’s to report earnings per share of $2.15, down from $2.45 in the year-ago period.

Ivankoe said he expects the company to report revenue of $1.06 billion, down from $1.07 billion in the prior year.

Domino's shares have fallen 15% year to date, compared with a 10% rise in the S&P 500.