Domino's Growth Strategies Paying Off, But Goldman Sachs Analyst Warns Of Competitive Pressures Ahead
Portfolio Pulse from Akanksha Bakshi
Domino's Pizza reported mixed Q3 results with sales growth of 5.1% but missed revenue estimates. EPS exceeded expectations. The company revised its 2024 projections due to macroeconomic challenges. Goldman Sachs analyst maintains a Buy rating but warns of competitive pressures.
October 10, 2024 | 3:44 pm
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Domino's Pizza reported a 5.1% sales growth in Q3, missing revenue estimates but exceeding EPS expectations. The company revised its 2024 projections due to macroeconomic challenges. Goldman Sachs maintains a Buy rating with a $515 price target but warns of competitive pressures.
Domino's reported mixed Q3 results with sales growth but missed revenue estimates. EPS exceeded expectations, which is positive. The company revised its 2024 projections, indicating caution due to macroeconomic challenges. Goldman Sachs maintains a Buy rating, suggesting confidence in long-term growth, but warns of competitive pressures, which could limit short-term gains.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100