Domino's Pizza (DPZ) Tops Q2 EPS by 17c, Revenues Miss, U.S. Same Store Sales Up 3%
Domino's Pizza (NYSE: DPZ) reported Q2 EPS of $2.19, $0.17 better than the analyst estimate of $2.02. Revenue for the quarter came in at $811.65 million versus the consensus estimate of $836.92 million.
- Global retail sales increased 5.1% in the second quarter, or 8.4% without the negative impact of changes in foreign currency exchange rates.
- U.S. same store sales grew 3.0% during the quarter versus the prior year quarter, continuing the positive sales momentum in the Company's U.S. business.
- The international division also posted positive results, with same store sales growth of 2.4% during the quarter.
- The second quarter marked the 102nd consecutive quarter of international same store sales growth and the 33rd consecutive quarter of U.S. same store sales growth.
- The Company had second quarter global net store growth of 200 stores, comprised of 42 net new U.S. stores and 158 net new international stores.
"It was a good second quarter, particularly for global unit growth, as we continue to seek balanced retail sales growth through the blend of same store sales and store growth," said Ritch Allison, Domino\'s Chief Executive Officer. "As a work-in-progress brand, we are constantly striving to improve in needed areas, execute our long-term strategy and build toward Dominant #1 – a goal I continue to feel we are built to achieve."
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