An employee carries an order for a customer at a Domino’s Pizza restaurant in Detroit.
Sean Proctor | Bloomberg | Getty Images
Domino’s Pizza on Tuesday announced a C-suite shake-up and quarterly results that missed expectations on most metrics, sending the stock sharply lower.
The pizza chain posted fourth-quarter earnings and revenue that fell short of analysts’ expectations and also announced that CEO Ritch Allison plans to retire. Chief Operating Officer and U.S. President Russell Weiner will succeed him as head of the company, effective May 1.
After falling about 8% in trading earlier Tuesday morning, Domino’s shares closed flat.
Here’s what the company reported for the quarter ended…