Domino's® is Tipping Customers Who Tip Their Delivery Drivers
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April 29, 2024 3:06 PM EDT
BTIG analyst Peter Saleh raised the price target on Domino's Pizza (NYSE: DPZ) to $580.00 (from $515.00) while maintaining a Buy rating.
The analyst comments "Domino's posted its best same-store sales performance since the pandemic this morning, as it shrugged off pizza fatigue... More
April 29, 2024 6:15 AM EDT
Domino's Pizza (NYSE: DPZ) reported a robust first quarter of 2024, surpassing analyst earnings expectations and witnessing a 4% surge in its share price. The company achieved an adjusted earnings per share (EPS) of $3.58, topping the consensus estimate by $0.19. Revenue matched the analyst projection of $1.08 billion, maintaining stability in the company's financial performance.
The pizza giant's positive earnings report was driven by a comprehensive strategy that emphasized sales, store expansion, and profit growth. According to CEO Russell Weiner, the company's "Hungry for MORE" strategy and the revamped Domino's Rewards loyalty program contributed to significant... More
