Fast-food chain Domino’s Pizza, Inc. (NYSE: DPZ) reported a 7% increase in revenues for the third quarter of 2022. However, the company’s net profit declined during the period.
Third-quarter net profit decreased to $100.5 million or $2.79 per share from $120.4 million or $3.24 per share in the comparable period of last year. Meanwhile, net revenues moved up 7% annually to $1.07 billion. International comparable-store sales declined 1.8% year-over-year, while U.S same-store rose 2%.
Earnings missed analysts’ estimates, while the top line exceeded expectations. The board of directors declared a $1.10 per share quarterly dividend for shareholders of record as of December 15, 2022, to be paid on December 30, 2022
Check this space to read management/analysts’ comments on Domino’s Q3 2022 earnings
Domino’s shares made strong gains on Thursday morning soon after the earnings announcement, after closing the last session lower.