Domino’s Pizza Stock Falls 12% As Q2 Sales Miss Target

Shares of Domino’s Pizza (DPZ) are down 12% after the restaurant chain reported second-quarter sales that missed Wall Street targets. For the quarter ended June 30, Domino’s posted earnings per share (EPS) of $4.03 U.S., which was ahead of the $3.68 U.S. forecast among analysts. The company’s profit rose 30% from a year earlier. However, revenue of $1.1 billion U.S. was slightly below Wall Street’s expectations, sending Domino’s stock sharply lower. Also, the 30% earnings growth was due to a change in pretax unrealized gains and losses associated with the company’s investment in DPC…

Large crowd attends community hub public meeting

A large crowd was on hand Wednesday evening for an open house to present details on the proposed downtown Chatham community hub. One hour into the event, held at the John D. Bradley Convention Centre, more than 200 people had already come through the doors. The proposal would involve moving the Civic Centre, Chatham library […]