Domino’s Pizza, Inc. (NYSE: DPZ) reported a sharp increase in second-quarter earnings, which also topped analysts’ forecast. The company’s stock gained early Thursday following the announcement.
Net income was $118.7 million or $2.99 per share in the second quarter, compared to $92.4 million or $2.19 per share in the same period of last year.
Revenues moved up 13.4% annually to $920 million during the three-month period, aided by higher global retail sales resulting from U.S. same-store sales growth and an increase in store counts. The top-line also exceeded Wall Street’s prediction.
In a separate statement, the company said executive vice president and chief financial officer Jeffrey Lawrence has decided to retire, after more than two decades of service. Lawrence will continue serving as CFO until the management identifies his successor.
Benchmark stock indexes pared their recent gains early this week amid elevated inflation concerns, but regained a part of the momentum later aided by recovery in tech stocks. The Dow
Shares of Alibaba Group (NYSE: BABA) have dropped 10% since the beginning of the year. The company reported mixed results for the fourth quarter of 2021 a day ago, with
With some of its parks and resorts either closed or operating at reduced capacity even more than a year after the virus outbreak, The Walt Disney Company (NYSE: DIS) is