The pizza chain is also expected to benefit from its strategy of expanding its store base to improve its delivery capabilities. Last quarter, the company grew its store count by 200 stores. On the flip side, the adverse impacts from foreign currency exchange rates might dampen results in the third quarter.
Also read: PepsiCo Q3 2019 Earnings Report
In the second quarter of 2019, Domino’s beat earnings
estimates but revenue fell short of forecasts. Revenues rose by 4% to nearly
$812 million while EPS grew 23% to $2.19. Results were helped by higher royalty
revenues and an increase in supply chain volumes.
Shares of Domino’s have gained 8% in the past one month. The majority of analysts have rated the stock as Buy and the average price target is $285.05.