Domino's Pizza Q3 2024 GAAP EPS $4.19 Beats $3.68 Estimate, Sales $1.08B Miss $1.10B Estimate
Portfolio Pulse from Benzinga Newsdesk
Domino's Pizza reported Q3 2024 earnings per share of $4.19, surpassing the expected $3.68, but sales of $1.08 billion fell short of the $1.10 billion estimate. Earnings increased slightly from last year, while sales grew by 5.16%.
October 10, 2024 | 10:10 am
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NEUTRAL IMPACT
Domino's Pizza's Q3 2024 earnings per share exceeded expectations, but sales fell short. The EPS of $4.19 beat the $3.68 estimate, while sales of $1.08 billion missed the $1.10 billion forecast. Despite the sales miss, earnings showed a slight increase from last year.
The positive earnings surprise is offset by the sales miss, leading to a neutral short-term impact. The EPS beat indicates strong profitability, but the sales miss suggests potential challenges in revenue growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100