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21h ago

Domino’s Beats Q3 Expectations, Keeps Guidance as U.S. Sales Rise

Executives flagged early‑quarter moderation tied to softer consumer sentiment.

A Domino's Pizza restaurant is seen in Los Angeles, California, U.S. July 18, 2018. REUTERS/Lucy Nicholson/File Photo
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Overview

  • U.S. same-store sales rose 5.2% in the quarter, with EPS of $4.08 and revenue of $1.15 billion topping forecasts.
  • Extended “Best Deal Ever” pricing, stuffed‑crust launches, and the DoorDash rollout lifted order volumes in delivery and carryout.
  • International comparable sales increased 1.7% but missed estimates, with weaker demand cited in Japan and Australia.
  • Company-owned U.S. store gross margin fell 50 basis points year over year due to higher cheese and pork costs.
  • Guidance was reaffirmed at about 3% U.S. and 2% international comp growth as net income fell $7.6 million on a $29.2 million unrealized DPC Dash investment hit; the company opened 214 stores and declared a $1.74 dividend.