NYSE-listed Domino's Pizza surprised investors by resetting its long-term growth goals on Tuesday and said it would cut costs and investment this year as it battles the growing popularity of third-party delivery services and small pizzerias.
The company's shares, which fell 6 per cent on a results release that showed growth slowing and profit below expectations, recovered to trade up 4 per cent when executives laid out details of the spending plans on a call with analysts.
