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Domino's Q1 Earnings Beat Expectations as US Sales Decline Slightly

The pizza chain sees international growth and carryout gains while preparing for a DoorDash partnership to bolster delivery options.

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A pizza comes out of the oven at Domino's Pizza restaurant in Los Angeles, California, U.S. July 18, 2018. REUTERS/Lucy Nicholson/File Photo
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Overview

  • Domino's reported a 0.5% decline in US same-store sales for Q1, missing analyst expectations of a 0.5% increase.
  • Earnings per share reached $4.33, surpassing the $4.07 forecast, while revenue grew 2.5% to $1.11 billion, slightly below projections.
  • International same-store sales rose 3.7%, exceeding the expected 1.93% growth, highlighting strength outside the US market.
  • Carryout sales increased by 1%, offsetting a 1.5% drop in delivery sales as price-conscious consumers sought lower-cost options.
  • Domino's reiterated its 3% annual US comps growth target and announced DoorDash integration in May to expand delivery channels.