Fast-food chain Domino’s Pizza (DPZ) posted its fourth-quarter 2018 earnings before the opening bell on Thursday, Feb. 21. Revenues soared 21.4% to $1.08 billion. The stock slipped at least 7% in pre-market trade after the top-line and bottom-line missed Street consensus.
Net income jumped 19.6% to $111.6 million on lower effective tax rate, higher US royalty revenues and higher supply chain volumes in the fourth quarter. Diluted EPS jumped 25.4% to $2.62. Adjusted earnings were the same as GAAP earnings per share in the quarter.
Global retail sales increased by 6.5% in the fourth quarter, while US same-store sales grew 5.6% from a year ago.
Despite a recent cut in estimates, the Street still expected the company to earn $2.65-a-share on revenue of $1.09 billion.
In the three-month period, Domino’s Pizza had global net store growth of 560 stores — comprising 125 net new US stores and 435 net new international stores.
Domino’s Pizza reaffirmed its three to five-year outlook with global retail sales to grow 8% to 12%, with US same-store growth of 3-6%.
International same-store sales is expected to rise by 3-6%. Net unit growth is estimated from 3% to 6%.
Browse through our earnings calendar and get all scheduled earnings announcements, analyst/investor conference, and much more!
The semiconductor industry is a rapidly growing business segment that currently thrives on the digital transformation wave. The demand for memory chips and other semiconductor products increased over the years,
Shares of Bed Bath & Beyond (NASDAQ: BBBY) were up on Friday, a day after the company delivered disappointing results for the second quarter of 2022. The company reported a
Nike, Inc. (NYSE: NKE) has reported a decrease in net profit for the first quarter of 2023, despite a modest increase in revenues. The company's stock suffered a big loss