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.