Domino’s Pizza (DPZ) reported fiscal Q2 earnings Thursday of $4.03 per diluted share, up from $3.08 a year earlier. Analysts polled by Capital IQ expected $3.68 per share. Revenue for the quarter ended June 16 was $1.1 billion, compared with $1.02 billion a year earlier. Analysts surveyed by Capital IQ expected $1.1 billion. The pizza chain’s US same-store sales grew 4.8% in fiscal Q2, while international same-store sales, excluding foreign currency impact, grew 2.1%. The company also said it expects to miss its 2024 goal of more than 925 net international stores by 175 to 275 stores due to challenges faced by its master franchisee, Domino’s Pizza Enterprises. Domino’s also suspended its guidance of more than 1,100 global net stores until the full impact of the franchisee’s situation is understood, the company said. Shares of the company were down more than 14% in recent premarket activity.

Value wars have broken out at McDonald’s, Burger King and other U.S. chains offering discounts on meals to try and lure customers back, but Domino’s Pizza thinks its approach to everyday value “breaks through the sea of sameness.” The world’s largest pizza chain says in a 2Q call that a loyalty program delivering rewards more quickly is paying off with consumers seeking deals, as are promotions through Uber Eats. Domino’s reported a U.S. same-store sales increase of 4.8% for 2Q, and many analysts were hoping the company would report a bigger lift in domestic sales. Domino’s sinks 10% in early trading.

Domino’s Pizza expects to fall 175 to 275 stores below its 2024 goal of adding 925+ new stores internationally, primarily because of challenges in both openings and closings faced by one of its master franchisees. The franchisee, Domino’s Pizza Enterprises, is partnering closely with Domino’s to work through the process. Domino’s says it will have more updates once it can get more visibility into the effect these challenges will have on net store growth numbers. For now though, the company says it is temporarily suspending guidance for 1,100+ global net stores until the full effect of DPE’s store opens and closures on international net store growth are known. In the U.S., the company still expects to add 175+ net stores annually for 2024 to 2028. Domino’s falls 12% in premarket trading.

Domino’s Pizza’s grew revenue by 7.1% in the second quarter even as other restaurant chains struggled. The pizza chain also posted earnings early Thursday that beat Wall Street forecasts because of one-time gains. For the three months ended in June, the company grew earnings by 30.8% from a year ago to $4.03 per share. Analysts polled by FactSet had expected $3.68. Total revenue came at $1.1 billion, slightly below analyst expectations. The earnings gain was primarily due to a change in pretax unrealized gains and losses associated with the company’s investment in DPC Dash, its exclusive franchisee in the China region, according to Domino’s. “For the second straight quarter we drove U.S. comp performance in the healthiest way possible, through profitable order count growth,” said CEO Russell Weiner in a statement, noting that the firm has seen positive order counts in both its delivery and carryout businesses across all income