|Bid||255.81 x 1200|
|Ask||256.27 x 800|
|Day's Range||253.85 - 263.55|
|52 Week Range||231.28 - 305.34|
|Beta (3Y Monthly)||0.72|
|PE Ratio (TTM)||29.79|
|Earnings Date||Jul 16, 2019|
|Forward Dividend & Yield||2.60 (0.92%)|
|1y Target Est||305.85|
Domino's Pizza Inc reported its slowest U.S. same-store sales growth in at least three years in the second quarter, driving shares lower and raising doubts about its strategy for fighting off competition from delivery apps. UberEats, DoorDash and GrubHub Inc have all pushed into the delivery business, which had been at the heart of Domino's expansion into the world's biggest pizza chain. In the second quarter of 2019, total U.S. same-store sales rose just 3%, below estimates and the slowest growth in at least three years.
(Bloomberg) -- Domino’s Pizza Inc. dropped after posting sales growth in the U.S. that missed analysts’ estimates as competitors play catch-up by ramping up their own online ordering and delivery options.The chain’s same-store sales in the U.S., a key metric in the restaurant industry, rose 3% in the second quarter, trailing the 4.6% estimate, according to Consensus Metrix. Its international comparable sales matched projections.Key InsightsDomino’s has been under pressure to prove it can keep growing at the same vigorous clip since longtime leader Patrick Doyle retired last year. The company said Tuesday same-store sales in the U.S. grew for the 33rd straight quarter, but the pace has been slowing. The chain has continued adding restaurants, but sales of those may be eating into the business of older units.Meanwhile, competition is getting hotter. Rival Pizza Hut has looked to take a bite out of Domino’s business with a $5 menu along with beer delivery. Recovering chain Papa John’s International Inc.’s may also be making inroads with Starboard Value CEO Jeff Smith now serving at its chairman.Like others in the industry, the pizza company is facing a tough restaurant market in the U.S.: Labor costs have been a headwind and meat prices look to be headed up later this year and into 2020.Market ReactionThe shares fell as much as 6% in New York, the most since February. They had climbed 8.8% this year through Monday’s close, less than half the gain of the S&P 500 Index.Get MoreFor more results, click hereFor the company statement, click here\--With assistance from Connor Corvino and Iris Zambrowski.To contact the reporters on this story: Leslie Patton in Chicago at firstname.lastname@example.org;Lisa Wolfson in Boston at email@example.comTo contact the editors responsible for this story: Anne Riley Moffat at firstname.lastname@example.org, Craig GiammonaFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
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Domino's Pizza Inc. shares fell 5.7% in Tuesday premarket trading after the pizza-delivery chain reported second-quarter revenue that missed expectations. Net income totaled $92.4 million, or $2.19 per share, up from $77.4 million, or $1.78 per share, last year. Revenue of $811.6 million was up from $779.4 million last year. The FactSet consensus was for EPS of $2.02 and revenue of $837.0 million. The company said there was a decline in U.S. company-owned revenue due to the previously-announced sale of 59 locations to U.S. franchisees. U.S. company-owned same-store sales grew 2.1%, below the FactSet guidance for 3.3% growth. And U.S. franchise store same-store sales were up 3.1%, also below the 4.7% FactSet guidance. International stores experienced a 2.4% same-store sales increase, excluding the impact of foreign currency. Domino's shares have climbed 8.8% for the year to date while the S&P 500 index is up 20.2% for the period.
UberEats, DoorDash and GrubHub Inc have all pushed into the delivery business, which had been at the heart of Domino's expansion into the world's biggest pizza chain. In the second quarter of 2019, total U.S. same-store sales rose just 3%, below estimates and the slowest growth in at least three years. Comparable sales at company-owned U.S. outlets grew 2.1%, while those at U.S. franchise stores rose 3.1% in the quarter ended June 16, also both below expectations while those in international markets were up 2.4%, in line with expectations.
Global retail sales growth of 5.1%, or 8.4% excluding foreign currency impact U.S. same store sales growth of 3.0% International same store sales growth of 2.4% Global net store growth of 200 Diluted EPS ...
The world's top pizza chain earned $2.19 per share in the quarter versus expectations for $1.78. But total sales came in short of expectations.
On Tuesday, July 16, Domino's Pizza (NYSE: DPZ ) will release its latest earnings report. Decipher the announcement with Benzinga's help. Earnings and Revenue Analysts predict Domino's Pizza will report ...
Domino's Pizza Inc. said Monday that it will offer half off menu-priced pizzas ordered online between July 15 and July 21. The deal coincides with Amazon.com Inc.'s Prime Day shopping event, discounts at retailers like eBay Inc. and Walmart Inc. , and promotions at competing fast-food chains, like Wendy's Inc.. Domino's stock has taken a 2.5% tumble in Monday trading, but is up 6.1% for 2019 so far. The S&P 500 index is up 20.1% for the year to date.
In an industry, which is increasingly reliant on digital services, five restaurant stocks stand to report better-than-expected earnings in the second quarter of 2019.
ANN ARBOR, Mich., July 15, 2019 /PRNewswire/ -- The pizza days of summer are here and there's only one way to celebrate – with half off pizza! Domino's Pizza (DPZ), the largest pizza company in the world based on global retail sales, is offering 50 percent off all menu-priced pizzas ordered online July 15-21. "Summer is officially here, which means plenty of sun and fun, and pizza, of course!" said Jenny Fouracre, Domino's spokeswoman. Thanks to Domino's Hotspots®, customers can receive their orders at a variety of nontraditional delivery locations, including parks, beaches, local landmarks and unique summer gathering spots.
In March 2019, Domino's Pizza, Inc. (NYSE:DPZ) released its earnings update. Generally, the consensus outlook from...
It is not uncommon to see companies perform well in the years after insiders buy shares. On the other hand, we'd be...
Domino's (DPZ) top line in second-quarter 2019 is likely to be driven by an increase in sales at domestic and international stores.
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