Domino's Pizza Inc (NYSE:DPZ) faced a challenging second quarter, with its stock plummeting 10% following earnings that missed Wall Street's revenue estimates. While US same-store sales grew by 4.8%, slightly below expectations, international markets saw a 2.1% rise in comparable sales, beating estimates.
Domino's Pizza (DPZ) shares sank in intraday trading Thursday after the pizza-delivery giant reported revenue that missed expectations and pulled back expansion plans overseas.
Domino's Pizza, Inc. is a long-term buy opportunity at $410 per share after a 24% correction from highs. Strong quarterly earnings showed growth in sales, expense control, and rising profits, with a focus on key metrics. Shares declined due to slower international expansion, but strong domestic sales growth and profit power present a buying opportunity.
Domino's' (DPZ) fiscal second-quarter U.S. company-owned store gross margin is negatively impacted by higher insurance and labor costs.
Domino's Pizza, Inc. (NYSE:DPZ ) Q2 2024 Earnings Conference Call July 18, 2024 8:30 AM ET Company Participants Greg Lemenchick - VP of IR Russell Weiner - CEO Sandeep Reddy - CFO Conference Call Participants Dennis Geiger - UBS Brian Bittner - Oppenheimer David Tarantino - Baird Andrew Charles - TD Cowen David Palmer - Evercore ISI Lauren Silberman - Deutsche Bank Gregory Francfort - Guggenheim John Ivankoe - JPMorgan Sara Senatore - Bank of America Danilo Gargiulo - Bernstein Peter Saleh - BTIG Chris O'Cull - Stifel Brian Harbour - Morgan Stanley Todd Brooks - The Benchmark Company Christine Cho - Goldman Sachs Operator Thank you for standing by and welcome to Domino's Pizza's Second Quarter 2024 Earnings Conference Call. At this time all participants are in listen-only mode.
Although the revenue and EPS for Domino's Pizza (DPZ) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Domino's Pizza (NYSE: DPZ ) stock is sliding lower on Thursday after the fast-food company announced earnings results for its second quarter of 2024. The Domino's Pizza earnings report starts with its diluted earnings per share of $4.03.
Domino's Pizza (DPZ) came out with quarterly earnings of $4.03 per share, beating the Zacks Consensus Estimate of $3.70 per share. This compares to earnings of $3.08 per share a year ago.
Domino's Pizza Inc.'s stock DPZ, -3.38% fell 5% early Thursday, after the pizza delivery company's better-than-expected fiscal second-quarter profit was offset by a revenue miss. The company had net income of $141.9 million, or $4.03 a share, for the quarter to June 16, up from $109.4 million, or $3.08 a share, in the year-earlier period.
Domino's Pizza fell short of market expectations for second-quarter same-store sales on Thursday as U.S. consumers, particularly in the lower-income group, spent less on eating out or ordering in.
Total revenue came at $1.1 billion, 7.1% higher than the year-ago period, slightly below analyst expectations.
Domino's Pizza, Inc. DPZ will release its financial results for the second quarter, before the opening bell on Thursday.