Domino's Pizza (DPZ) Misses Q3 EPS by 19c
Domino's Pizza (NYSE: DPZ) reported Q3 EPS of $2.79, $0.19 worse than the analyst estimate of $2.98. Revenue for the quarter came in at $1.07 billion versus the consensus estimate of $1.07 billion.
Fiscal 2022 Guidance Update:
Based on actual results to date for the three fiscal quarters of 2022 and the Company's outlook for the remainder of fiscal 2022, the Company is providing the following updates related to its fiscal 2022 guidance provided on July 21, 2022 for the impact of changes in foreign currency exchange rates on international franchise royalty revenues, capital expenditures and general and administrative expense. The Company reaffirms its previous fiscal 2022 guidance for food basket pricing.
Previous Fiscal 2022 Guidance | Updated Fiscal 2022 Guidance | |||
Negative impact of changes in foreign currency exchange rates on royalty revenues vs. 2021 | $22.0 - $26.0 million | $29.0 - $31.0 million | ||
Capital expenditures | $120.0 million | $100.0 million | ||
General and administrative expense (1) | $420.0 - $428.0 million | $415.0 - $420.0 million | ||
Food basket pricing increase vs. 2021 | 13.0% - 15.0% | 13.0% - 15.0% |
(1) | Excludes the expected gain associated with the sale of 114 U.S. Company-owned stores to certain of its franchisees in the fourth quarter of 2022. |
For earnings history and earnings-related data on Domino's Pizza (DPZ) click here.