From Financial Modeling Prep: 2024-10-10 15:01:00

Domino’s Pizza (NYSE:DPZ) exceeded earnings expectations in the third quarter with an adjusted EPS of $4.19, beating estimates of $3.63. However, revenue fell short at $1.08 billion compared to the expected $1.1 billion. Global retail sales rose by 5.1% year-over-year, with U.S. same-store sales up 3.0% and international same-store sales up 0.8%.

CEO Russell Weiner credited the company’s “Hungry for MORE” strategy for driving growth despite global challenges. Domino’s added 72 stores worldwide in the quarter, with operating income up 5.0% (5.7% adjusted for currency impacts). The company reaffirmed its 2024 guidance, anticipating 6% growth in global retail sales, 8% growth in income from operations, and 800 to 850 new stores globally.



Read more at Financial Modeling Prep:: Domino’s Beats Q3 Earnings Expectations But Misses…