Domino's Pizza Suspends 1,100+ Global Net Store Outlook After Q2 Earnings, Stock Tumbles
Portfolio Pulse from Shivani Kumaresan
Domino's Pizza Inc (NYSE:DPZ) reported worse-than-expected Q2 revenue, leading to a 10.2% drop in its stock price. The company saw a 7.1% sales growth to $1.097 billion, missing the $1.103 billion estimate. Despite a 4.8% increase in U.S. same-store sales and a 2.1% increase internationally, the company suspended its 1,100+ global net store outlook. EPS of $4.03 beat the $3.66 estimate. Domino's declared a $1.51 per share quarterly dividend and repurchased $25 million in shares.
July 18, 2024 | 10:56 am
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Domino's Pizza Inc (NYSE:DPZ) reported Q2 revenue below expectations, leading to a 10.2% drop in stock price. The company suspended its 1,100+ global net store outlook, despite beating EPS estimates and declaring a $1.51 per share dividend.
The worse-than-expected Q2 revenue and suspension of the 1,100+ global net store outlook are significant negative factors, leading to a 10.2% drop in stock price. However, the EPS beat and dividend declaration provide some positive aspects.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100