Domino's Pizza (DPZ) Tops Q2 EPS by 38c; offers long-term guidance
Domino's Pizza (NYSE: DPZ) reported Q2 EPS of $4.03, $0.38 better than the analyst estimate of $3.65. Revenue for the quarter came in at $1.1 billion versus the consensus estimate of $1.1 billion.
Long-Term Guidance (2024 - 2028)
The Company continues to expect the following guidance metrics. Annual global retail sales growth and annual income from operations growth exclude the impact of foreign currency.
7%+ Annual global retail sales growth; and
8%+ Annual income from operations growth.
The Company now expects the following on annual global net store growth:
Global net store growth of 825 to 925 in 2024.
U.S.: The Company continues to expect 175+ net stores annually for 2024 to 2028.
International: The Company expects it will fall 175 to 275 stores below its 2024 goal of 925+ net stores in international primarily as a result of challenges in both openings and closures being faced by Domino\'s Pizza Enterprises, one of its master franchisees. The Company is partnering closely with DPE as they work through this process and will provide further updates once it has more visibility into the effect on its annual global net store growth numbers.
The Company is temporarily suspending its guidance metric of 1,100+ global net stores until the full effect of DPE\'s store opens and closures on international net store growth are known.
For earnings history and earnings-related data on Domino's Pizza (DPZ) click here.