Investors Not Hungry for Domino’s in Q2

By Chris Lange Updated Jan 11, 8:46PM EST · Published Jul 19, 12:20PM EDT

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Investors Not Hungry for Domino’s in Q2 — © https://www.flickr.com/photos/edgarzuniga/

When Domino’s Pizza Inc. (NYSE: DPZ) reported its second-quarter financial results before the markets opened on Thursday, the company posted $1.85 in earnings per share (EPS) and $779.4 million in revenue. The consensus estimates had called for EPS of $1.75 on $784.61 million in revenue. The same period of last year reportedly had $1.32 in EPS and revenue of $628.61 million.

During the latest quarter, domestic same-store sales grew 6.9% from the year-ago period, continuing the positive sales momentum in the company’s domestic business. The international division also posted positive results, with same-store sales growth of 4.0% during the quarter. The second quarter marked the 98th consecutive quarter of positive international same-store sales growth and the 29th consecutive quarter of positive domestic same-store sales growth.

The company also had second-quarter global net store growth of 156, comprised of 113 net new international stores and 43 net new domestic stores.

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Ritch Allison, Domino’s CEO, commented:

Global retail sales remain strong as we see our franchisees building new stores, growing same store sales and bringing customers back again and again. Our second quarter was highlighted by yet another innovation in food delivery with the launch of Domino’s HotSpots, of which there are now more than 200,000 across the United States. The energy, passion and operational execution of our franchisees and managers around the world inspire me as I begin my role as CEO.

Shares of Domino’s were last seen down about 2% at $277.97, with a consensus analyst price target of $289.63 and a 52-week trading range of $166.74 to $293.81.

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About the Author Chris Lange →

Chris Lange is a writer for 24/7 Wall St., based in Houston. He has covered financial markets over the past decade with an emphasis on healthcare, tech, and IPOs. During this time, he has published thousands of articles with insightful analysis across these complex fields. Currently, Lange's focus is on military and geopolitical topics.

Lange's work has been quoted or mentioned in Forbes, The New York Times, Business Insider, USA Today, MSN, Yahoo, The Verge, Vice, The Intelligencer, Quartz, Nasdaq, The Motley Fool, Fox Business, International Business Times, The Street, Seeking Alpha, Barron’s, Benzinga, and many other major publications.

A graduate of Southwestern University in Georgetown, Texas, Lange majored in business with a particular focus on investments. He has previous experience in the banking industry and startups.