Domino's Pizza (DPZ) Tops Q1 EPS by 75c, Revenues Beat; 'Withdraws 2-3 Year Outlook'

Domino's Pizza (NYSE: DPZ) reported Q1 EPS of $3.07, $0.75 better than the analyst estimate of $2.32. Revenue for the quarter came in at $873.1 million versus the consensus estimate of $868.67 million.

"In a time of unprecedented change in our industry, I am pleased to report that Domino's is in a very strong financial position, both at the brand and franchisee levels," said Ritch Allison, Domino's Chief Executive Officer. "We can't predict the full impact of COVID-19 on the broader economy and we don't know how consumer behavior and restaurant purchasing patterns may evolve coming out of this crisis. What I do know is that our franchisees and teams in the U.S. and across the globe will remain focused on safely serving our customers and our communities in this time of need. I have great confidence in our people and our ability to manage through this crisis, and I remain optimistic about the long-term potential of the Domino's brand."

Company Withdraws Two- to Three-Year Outlook

Due to the current uncertainty surrounding the global economy and the Company\'s business operations considering COVID-19, the Company is withdrawing its two-to three-year outlook for global retail sales growth, U.S. same store sales growth, international same store sales growth and global net unit growth.

For earnings history and earnings-related data on Domino's Pizza (DPZ) click here.

You May Also Be Interested In

• 'Ocean of opportunity': Wolfe initiates SpaceX at Buy ahead of historic IPO
• Jefferies says restaurant traffic weakened in May
• 3 E Network CEO outlines robotics strategy focused on edge AI chips