Domino's Reports Mixed Q3, Scales Back Growth Expectations For 2024 As Economic Headwinds Bite
Portfolio Pulse from Lekha Gupta
Domino's Pizza Inc (NYSE:DPZ) reported mixed Q3 results with a 5.1% sales growth to $1.08 billion, missing estimates. Despite economic headwinds, EPS beat expectations. The company revised its 2024 growth projections downward. DPZ shares rose 1.16% premarket.
October 10, 2024 | 12:02 pm
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Domino's Pizza reported a 5.1% sales growth in Q3, missing estimates, but EPS beat expectations. The company revised its 2024 growth projections downward due to economic headwinds. Shares rose 1.16% premarket.
Despite missing sales estimates, Domino's beat EPS expectations, which is a positive indicator for investors. The revision of growth expectations for 2024 reflects economic challenges, but the market reacted positively, as seen in the premarket share price increase.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
AdvisorShares Restaurant ETF (EATZ) includes exposure to Domino's Pizza, which reported mixed Q3 results. The positive premarket reaction to DPZ's earnings could benefit EATZ.
EATZ holds Domino's Pizza, which reported mixed Q3 results but saw a positive premarket reaction. This could positively impact EATZ's performance.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
The Advisors’ Inner Circle Fund III Strategas Global Policy Opportunities ETF (SAGP) includes exposure to Domino's Pizza. The positive premarket reaction to DPZ's earnings could benefit SAGP.
SAGP holds Domino's Pizza, which reported mixed Q3 results but saw a positive premarket reaction. This could positively impact SAGP's performance.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50