Domino's shares jump after earnings beat, shrugging off slowing sales

This post was originally published on this site
Want create site? Find Free WordPress Themes and plugins.

Domino’s Pizza on Wednesday reported quarterly earnings topped analysts’ expectations but sales fell short.

Shares of the company rose 5% in premarket trading.

Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:

  • Earnings per share: $2.20 vs. $2.09 expected
  • Revenue: $836.0 million vs. $849.6 million expected
  • Same-store sales growth: 3.9% vs. 4.22% expected

Domino’s reported fiscal first-quarter net income of $92.7 million, or $2.20 per share, up from $88.8 million, or $2.00 per share, a year earlier. Analysts surveyed by Refinitiv expected the pizza chain to earn $2.09 per share.

Net sales rose 6.4% to $836.0 million, missing expectations of $849.6 million.

Did you find apk for android? You can find new Free Android Games and apps.

Add Comment