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Domino’s Pizza (NYSE:DPZ) Inc. (NASDAQ:DPZ), the $16.2 billion pizza delivery giant with a GOOD financial health rating according to InvestingPro, disclosed in a recent SEC filing that board member Diana F. Cantor will not seek re-election and plans to retire from the board at the upcoming 2025 Annual Meeting of Shareholders in April. Cantor, who has served on the company’s board for nearly two decades, will continue her duties until the end of her current term.
The announcement, made on Monday, February 18, 2025, was part of the company’s regular reporting and included a statement of gratitude for Cantor’s long-standing commitment and contributions to the board. The company’s statement emphasized Cantor’s dedication and service throughout her tenure. During her time on the board, Domino’s has maintained dividend payments for 13 consecutive years, with a notable 24.8% dividend growth in the last twelve months.
Domino’s Pizza also included forward-looking statements in the filing, cautioning investors and readers that such statements involve risks and uncertainties. With the company’s earnings report due in 4 days and 11 analysts recently revising their earnings estimates downward, InvestingPro subscribers can access comprehensive analysis and forecasts for deeper insights. The company referred to the "Risk Factors" section of its Annual Report on Form 10-K for the fiscal year ended December 31, 2023, for a more detailed discussion of potential risks.
The company reiterated that forward-looking statements should not be relied upon unduly and that they are subject to inherent uncertainties. Domino’s Pizza stated that they do not commit to updating these statements publicly, except as required by law.
The filing, signed by Kevin S. Morris, Executive Vice President, General Counsel, and Corporate Secretary, was completed on Thursday, February 20, 2025. The information provided in this article is based on Domino’s Pizza’s SEC filing.
In other recent news, Domino’s Pizza is set to announce its fourth-quarter earnings soon, with analysts eagerly anticipating insights into U.S. demand trends and potential partnerships. RBC Capital Markets maintains an Outperform rating on the company, highlighting optimism about Domino’s market share and potential international business improvements. Meanwhile, a Midwest investment research boutique has expressed a positive outlook for Domino’s 2025 performance, citing growth drivers such as Stuffed Crust offerings and third-party partnerships. This outlook has been well-received by investors, reflecting confidence in the company’s strategic initiatives.
Loop Capital has reiterated its Buy rating with a price target of $559, noting Domino’s same-store sales growth, although slightly decelerated, still shows a positive trend. TD Cowen adjusted its price target to $490, maintaining a Buy rating, and highlighted promotional strategies like the MOREflation deal as contributors to anticipated transaction growth. Morgan Stanley (NYSE:MS) also adjusted its price target to $496, citing slower recent trends but maintaining an Overweight rating due to Domino’s strong value proposition and growth potential in key international markets. These recent developments underscore a mix of cautious optimism and strategic focus as Domino’s navigates current market conditions.
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