Domino's Pizza reported strong third-quarter profit as order volumes increased, but its shares fell Thursday morning as revenue missed expectations and it cut its full-year global retail sales growth outlook.

Even so, Domino’s growth remains relatively robust versus competitors including Papa John’s International Inc. and Pizza Hut, which is owned by Yum! Brands Inc. Both of those pizza chains have posted same-store sales declines in recent quarters, with analysts expecting that trend to continue in the third quarter.

Domino's Pizza fell short of Wall Street estimates for third-quarter U.S. comparable sales growth on Thursday as restaurant operators intensified their pursuit for price-conscious customers by doubling down on value offers.

Domino’s Pizza Inc.’s stock fell slightly early Thursday, after the chain’s fiscal third-quarter profit beat was not enough to offset a slight revenue miss in a still challenging consumer environment and small downward revision to sales guidance.

Domino's Pizza posted a smaller-than-expected rise in third-quarter U.S. same-store sales on Thursday as consumers curbed spending on dining out. Shares of the pizza maker fell nearly 3% to $401.49 in premarket trading.