Categories AlphaGraphs, Consumer, Earnings
A visual representation of Domino’s Pizza (DPZ) Q1 2020 earnings results
Domino’s Pizza, Inc. (NYSE: DPZ) reported its financial results for the quarter ended March 31, 2020 today.
Domino’s Pizza posted a 31% jump in earnings for the first quarter of 2020 driven by a lower effective tax rate as a result of higher tax benefits from equity-based compensation. Higher royalty revenues from the US and international franchised stores and higher supply chain volumes also benefited net income. Global retail sales increased by 4.4% in the first quarter and US same-store sales grew by 1.6%.
Due to the current uncertainty surrounding the global economy and the company’s business operations considering COVID-19, the company is withdrawing its two-to-three-year outlook for global retail sales growth, US same-store sales growth, international same-store sales growth, and global net unit growth. As of April 21, 2020, the company estimates that about 1,750 international stores are temporarily closed due to the lockdown arising from the pandemic.
Past Performance
Most Popular
QCOM Earnings: Qualcomm Q2 2024 revenue and profit beat Street view
Semiconductor company Qualcomm, Inc. (NASDAQ: QCOM) reported an increase in earnings and revenues for the second quarter of 2024. The numbers came in above analysts' estimates. At $9.39 billion, March-quarter
Key takeaways from Amazon’s Q1 2024 earnings report
Amazon.com Inc. (NASDAQ: AMZN) had an upbeat start to fiscal 2024, delivering strong growth across the business in the first three months of the year. While the cloud segment continues
Key takeaways from Pfizer’s (PFE) Q1 2024 earnings report
Shares of Pfizer Inc. (NYSE: PFE) gained over 5% on Wednesday following the company’s announcement of its first quarter 2024 earnings results. Although the top and bottom line numbers decreased