Domino’s Pizza Earnings: Here’s Why Investors are Excited Now
Domino’s Pizza, Inc. (NYSE:DPZ) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 4.8%.
Domino’s Pizza, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 25.53% to $0.59 in the quarter versus EPS of $0.47 in the year-earlier quarter.
Revenue: Rose 8.59% to $417.62 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Domino’s Pizza, Inc. reported adjusted EPS income of $0.59 per share. By that measure, the company beat the mean analyst estimate of $0.55. It beat the average revenue estimate of $413.77 million.
Quoting Management: J. Patrick Doyle, Domino’s President and Chief Executive Officer, said: “We are off to a strong start this year, growing stores and sales around the world by offering great food at a great value, which is compelling to customers everywhere. Our use of technology sets us apart from many in our industry and enhances our business on both the top and bottom lines.”
Key Stats (on next page)…
Revenue decreased 22.61% from $539.65 million in the previous quarter. EPS decreased 7.81% from $0.64 in the previous quarter.
Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.54 and has not changed. For the current year, the average estimate has moved up from a profit of $2.29 to a profit of $2.33 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)