Domino's Pizza 2Q profit grows 19 percent

Domino's Pizza 2Q profit up 19 percent as pizza sales grow, chain adds stores overseas

Associated Press

ANN ARBOR, Mich. (AP) -- Domino's Pizza said Tuesday that its second-quarter profit rose 19 percent as sales grew in established stores and the pizza chain opened new locations outside the U.S.

Domino's earned $33.3 million, or 57 cents per share, for the period ended June 16. That's up from $28.1 million, or 47 cents per share, in the prior-year period.

Analysts, on average, expected earnings of 56 cents per share, according to a FactSet poll.

Revenue climbed 10 percent to $414 million from $376.1 million, beating Wall Street's estimate of $404.7 million.

Revenue from U.S. locations open at least a year rose 6.7 percent. Overseas, the measure grew 5.8 percent. This figure is a key gauge of a restaurant operator's performance because it excludes results from locations recently opened or closed.

Sales also got a boost from new stores. Outside the U.S., Domino's added 101 more locations during the quarter, bringing the total international store count to 5,508.

Domino's Pizza Inc., which is based in Ann Arbor, Mich., had 10,440 total locations at quarter's end.

Shares added 2 cents to $63.62 in premarket trading Tuesday. The stock is up 46 percent this year.

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