Domino’s Pizza Inc. (NASDAQ:DPZ) shares were lower in Monday’s premarket trading after the company reported first-quarter results that missed Wall Street expectations.

Earnings Snapshot

The pizza chain reported earnings of $4.13 per share, slightly below the analyst consensus estimate of $4.28. Revenue rose 3.5% year over year to $1.151 billion but came in just under the Street view of $1.163 billion.

Sales growth was driven by higher supply chain revenue, along with increases in global franchise royalties, fees, and advertising revenue.

Income from operations increased 9.6% from a year earlier to $230.4 million, supported by higher franchise royalties and gross margin dollar growth in the supply chain segment.

Key Operating Metrics

Global retail sales increased 3.4% on a currency-neutral basis, led by a 2.8% rise in U.S. stores and a 4.0% gain internationally.

U.S. same-store sales rose 0.9%, while international same-store sales declined 0.4% ...