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Domino's Pizza reported lower earnings due to the credit freeze and was seeking new debt financing. While fundamentally sound, Domino's cited Lehman Brothers as a primary lender, and that it needed to find alternate financiers.

"Our operators face the powerful forces of high commodity prices [and] consumers who are reluctant to spend," said chairman and CEO David Brandon.

Domino's reported an 8% drop in profit on a 4% drop in revenues for the third quarter but expressed confidence in its long-term plans.

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Timely Demise tracks the retail industry as it changes with our unprecedented economic environment. Published by David Wertheimer. Did I miss something? Drop me a line.

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This page contains a single entry by David Wertheimer published on October 15, 2008 3:14 PM.

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