Domino's Pizza (DPZ) shares fell Thursday morning when the pizza delivery 🎉giant's better-than-expected profit was offset by a revenue miss and soft guidance.

The company reported third-quarter 澳洲幸运5官方开奖结果体彩网:earnings per share (EPS) of $4.19, $0.59 above the consensus estimate of analysts surveyed by Visible Alpha. Revenue was up 5.1% year-over-year to $1.08 billion, but that was short of forecasts.

Domino’s said the performance was driven primarily by higher revenue from its supply chain, U.S. franchise advertising, and U.S. franchise royalties and fees. The company noted the supply chain gains came mostly from a rise in order volumes and an increase in the "food basket pricing to stores."

澳洲幸运5官方开奖结果体彩网:Gross margin at U.S. company-owned stores climbed 1.0 percentage point, which it attributed to "sale🐼s leverage due to higher customer transaction counts."

澳洲幸运5官方开奖结果体彩网:Chief Executive Officer (CEO) Russell Weiner explaine𝓰d that the results demonstrated the company's strategy is working "despite a pressured global marketplace."

Domino's Cuts Outlook on 'Challenging Macroeconomic Environment'

Domino’s warned that full-year performance will be affected by a "challenging macroeconomic environment and its impact on current business trends across the globe." It now sees 2024 global retail sales growth of 6%, down from at least 7%.

Shares of Domino's Pizza, which were basically flat year-to-date through Wednesday's close, slipped about 2% soon after the opening bell.