Domino's Pizza beats profit and sales expectations, but stock falls
Domino's Pizza Inc. (DPZ) reported Thursday third-quarter profit and sales that rose above expectation. Net income for increased to $56.4 million, or $1.18 a share, from $47.2 million, or 96 cents a share, in the same period a year ago. Excluding non-recurring items, such charges related to a recapitalization, adjusted earnings per share came to $1.27, which was above the FactSet consensus of $1.23. Revenue rose 14% to $643.6 million from $566.7 million, due primarily to higher supply-chain revenue and increased volume, to beat the FactSet consensus of $628.4 million. Domestic same-store sales rose 8.4% above last year, exceeding the FactSet consensus of 6.5% growth. The stock fell 2.4% in premarket trade. It had soared 31.4% year to date through Wednesday, while the S&P 500 had gained 14%.1%.
-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com
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10-12-17 0741ETCopyright (c) 2017 Dow Jones & Company, Inc.