Categories AlphaGraphs, Earnings, LATEST, Retail

Domino’s Pizza Q2 profit jumps 19%, beats estimates

Fast-food chain Domino’s Pizza (NYSE: DPZ) reported a 19% jump in earnings for the second quarter of 2019 helped by higher royalty revenues from US and international franchised stores and an increase in supply chain volumes as well as healthy growth in global retail sales. The bottom line exceeded analysts’ expectations while the top line missed consensus estimates.

Net income climbed by 19% to $92.4 million or $2.19 per share. Revenue rose by 4% to $811.65 million, primarily due to an increase in worldwide store counts during the trailing four quarters as well as U.S. and international same store sales growth, resulting in higher supply chain and global franchise revenues.

Global retail sales increased by 5.1% in the second quarter. US same-store sales grew 3% from a year ago, continuing the positive sales momentum in its US business. The international division also posted positive results, with same-store sales growth of 2.4% during the quarter.

Domino's Pizza Q2 profit jumps 19%

The second quarter marked the 102nd consecutive quarter of international same-store sales growth and the 33rd consecutive quarter of US same-store sales growth. The company had second-quarter global net store growth of 200 stores, comprised of 42 net new U.S. stores and 158 net new international stores.

During the second quarter of 2019, the company repurchased and retired 12,295 shares of its common stock under its board of directors-approved open market share repurchase program for about $3.3 million. As of June 16, 2019, the end of the second quarter, the company’s total remaining authorized amount for share repurchases was about $147.3 million.

Also Read:  How Elon Musk tweaked the system with Tesla

On July 10, 2019, the company’s board of directors declared a quarterly dividend of $0.65 per share. The dividend will be paid on September 30, 2019, to the shareholders of record as of September 13, 2019.

Shares of Domino’s Pizza ended Monday’s regular session down 4.32% at $269.92 on the NYSE. Following the earnings release, the stock fell over 6% in the premarket session.

Get access to timely and accurate verbatim transcripts that are published within hours of the event.

Most Popular

Salesforce (CRM) Q1 2021 earning infographic

Salesforce (NYSE: CRM) reported first-quarter earnings results for fiscal 2021 after the regular trading hours on Thursday. The results were better than analysts' projections. Meanwhile, the stock fell over 3%

A visual dashboard of Nordstrom (JWN) Q1 2020 earnings results

Nordstrom (NYSE: JWN) swung to a loss in the first quarter of 2020 hurt by the COVID-19 related charges. The fashion retailer reported a loss of $3.33 per share compared

A visual representation of Ulta Beauty (ULTA) Q1 2020 earnings results

Ulta Beauty Inc. (NASDAQ: ULTA) reported its financial results for the quarter ended May 2, 2020, on Thursday after the market closes. The results missed analysts' expectations. The company slipped

One thought on “Domino’s Pizza Q2 profit jumps 19%, beats estimates

Comments are closed.

Top