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.
Domino's (DPZ) second-quarter 2024 results are expected to gain from robust same-store sales growth, unit expansion and the introduction of new menu items.
Domino's Pizza (DPZ) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.