Domino's Pizza Q2 2024 GAAP EPS $4.03 Beats $3.66 Estimate, Sales $1.097B Miss $1.103B Estimate
Portfolio Pulse from Benzinga Newsdesk
Domino's Pizza (NYSE:DPZ) reported Q2 2024 GAAP EPS of $4.03, beating the $3.66 estimate, but sales of $1.097B missed the $1.103B estimate. EPS increased by 30.84% YoY, while sales grew by 7.02% YoY.
July 18, 2024 | 10:07 am
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Domino's Pizza reported Q2 2024 GAAP EPS of $4.03, beating the analyst estimate of $3.66 by 10.11%. However, sales of $1.097 billion missed the $1.103 billion estimate by 0.53%. EPS increased by 30.84% YoY, and sales grew by 7.02% YoY.
The significant beat on EPS and strong YoY growth in both EPS and sales are positive indicators for DPZ. The slight miss on sales is unlikely to overshadow the strong earnings performance, suggesting a likely positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100