Nearly double its price from last year, this stock is dominating other company returns. Is it time to order up a slice for yourself?
Domino’s plan to dominate the pizza category is continuing on track.
The company reported second quarter financials this morning, saying revenues were up 10% this year compared to last year. That’s $414 million on the top line, about $9 million better than expected. Meanwhile, profits were up 18.5% to $33.3 million compared to last year.
That growth isn’t just from opening new locations. Same-store sales were up 6.7% in the US. In other words, people are buying more of Domino’s Pizza.
Since the start of the year, the stock is up 44%. Compare that to the S&P Restaurant index (yes that exists), which is up 15%. Over the last twelve months, Domino’s share prices have nearly doubled.
Domino’s is one of the pizza business’ “Big Three” (Pizza Hut and Papa John’s are the other two). In recent Talking Numbers interview, CEO Patrick Doyle said, “I think you’reRead More »from This food stock is beating all the rest