UPDATE 1-Domino's franchisees help serve profit beat, shares rise [Reuters]
Just Eat Takeaway.com N.V. - American Depositary Shares (GRUB)
Last just eat takeaway.com n.v. - american depositary shares earnings: 2/5 04:05 pm
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Source: Reuters
Domino's franchisees help serve profit beat, shares rise - Reuters 3 Min Read (Reuters) - Domino’s Pizza Inc’s first-quarter profit beat Wall Street estimates on Wednesday, as it booked more revenue and royalties from franchisees across the globe. Shares of the world’s largest pizza company rose more than 6 percent before the bell. Royalties and fees from U.S. franchisees jumped 8.1 percent, while that from international franchisees rose 4.1 percent. Supply chain revenue, from selling ingredients and equipment to franchisees, rose 7.2 percent in the quarter. The pizza chain, amid competition from delivery services GrubHub Inc and UberEats, has been aggressively growing its store count by opening more small-format outlets, with fewer seating, to deliver faster by bringing delivery areas tighter and closer together. The multiple-store strategy, termed fortressing, has helped Domino’s improve its quality and speed of delivery, but skewed sales toward newer outlets, hitting same-store sal
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