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Stock impact report

Domino's Pizza beats profit and revenue views but misses on U.S. same-store sales; stock falls [MarketWatch]

Domino's Pizza Inc (DPZ) 
Last domino's pizza inc earnings: 4/23 07:30 am Check Earnings Report
Company Research Source: MarketWatch
Shares of Domino's Pizza Inc. slumped 2% in premarket trading Thursday, after the pizza chain reported first-quarter profit and revenue that rose above expectations, but missed on U.S. same-store sales. Net income grew to $121.6 million, or $3.07 a share, from $92.7 million, or $2.20 a share, in the year-ago period, helped by a lower tax rate, higher royalty revenue from franchised stores and lower share counts from buybacks. The FactSet consensus was for earnings per share of $2.32. Total revenue rose to $873.1 million from $836.0 million to beat the FactSet consensus of $669.0 million, as the opening of 69 net new stores provided a boost. Same-store sales rose 1.6% in the U.S., missing the FactSet consensus of a 2.2% rise, while international sales growth of 1.5% matched expectations. From March 23 to April 19, U.S. same-store sales have increased 7.1% amid the COVID-19 pandemic, while U.S. retail sales grew 10.7%. The stock has run up 33.2% over the past three months through Wednes Show less Read more
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