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Company News

CORRECTED-BUZZ-Jubilant Foodworks shares fall as U.S.-listed Domino's Pizza misses Q3 estimates

(Corrects last bullet to say as of Monday’s, not Tuesday’s, close)

** Shares of Jubilant Foodworks Ltd, the Indian franchise partner of Domino’s Pizza and Dunkin’ Donuts fall as much as 5.17% to 1251.05 rupees, its biggest intraday percentage loss since Sept. 26

** Ann Arbor, Michigan-based, U.S.-listed Domino’s Pizza missed third-quarter profit and revenue estimates on Tuesday.

** Domino’s Pizza also said it would cut costs and investment this year as it battles the growing popularity of third-party delivery services and small pizzerias.

** Australian shares of Domino’s Pizza Enterprises also slump 4.3%

** Domino's Pizza stores are present in 276 cities with a network of 1,249 restaurants across India, as of June 30 2019, according to Jubilant Foodworks. (bit.ly/2LWwkTD)

** Stock has risen 5.37% this year, as of Monday’s close (Reporting by Philip George in Bengaluru ((P.George@thomsonreuters.com; within U.S. +1 646 223 8780, outside U.S. +91 80 6749 1609; Reuters Messaging: p.george@thomsonreuters.net)

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