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Domino's Exceeds Same-Store Sales Forecasts With New Menu and Delivery Deals

Revenue matched analysts’ forecasts despite earnings per share trailing expectations.

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A Domino's pizza logo is pictured inside a restaurant in Noida, India, July 4, 2023. REUTERS/Adnan Abidi/File Photo
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Overview

  • U.S. same-store sales rose 3.4% in Q2, surpassing the 2.21% average projection compiled by LSEG.
  • International same-store sales grew 2.4%, beating the 1.71% consensus estimate.
  • Quarterly revenue increased 4% year-over-year to $1.15 billion, aligning with analyst forecasts.
  • Earnings per share declined 5.5% to $3.81, falling short of the $3.95 consensus estimate.
  • Domino’s attributed its performance to rewards-driven menu innovations and full rollout on DoorDash and Uber Eats, and shares climbed over 6% in premarket trading.