Domino’s Pizza Inc. (NYSE: DPZ) reported its third-quarter financial results Thursday before the markets opened. The company had $0.67 in earnings per share (EPS) on $484.7 million in revenue. That compared to consensus estimates from Thomson Reuters that call for $0.74 in EPS on revenue of $487.05 million. In the same quarter of the previous year, it posted EPS of $0.63 and $446.57 million in revenue.
Source: Thinkstock
Domestic same-store sales grew 10.5% during the quarter from the year-ago period. At the same time, the international division posted strong results, with same-store sales growth of 7.7%, marking the 87th consecutive quarter of international same-store sales growth.
Revenues grew 8.5% for the third quarter versus the prior-year period, driven by higher supply chain volumes and sales of equipment to stores in connection with Domino’s global store reimaging program. Higher domestic same-store sales and store count growth, which resulted in increased royalties from franchised stores and higher revenues at company-owned stores, also contributed to this increase. However, this increase was not enough for the analysts and shares ultimately fell.
In this quarter the company had a global net store growth of 194 stores.
During this quarter, Domino’s repurchased 365,460 shares for a total of roughly $40.9 million. The board of directors also declared a $0.31 dividend per share, which will be paid on December 30, for shareholders on record as of December 15.
J. Patrick Doyle, president and CEO of Domino’s, commented on earnings:
We are pleased with the sustained strong sales and continued momentum behind store growth. The things we are doing are working, and we will continue to aggressively lead the industry.
On the books, the company has $123.5 million in cash and cash equivalents, compared to $151.8 million at the end of December 2014.
Shares of Domino’s were down 3.2% to $104.54 Thursday just after the opening bell. The stock has a consensus analyst price target of $119.62 and a 52-week trading range of $75.64 to $119.73.
ALSO READ: 9 Simple Ways to Save Money Dining Out
Take This Retirement Quiz To Get Matched With An Advisor Now (Sponsored)
Are you ready for retirement? Planning for retirement can be overwhelming, that’s why it could be a good idea to speak to a fiduciary financial advisor about your goals today.
Start by taking this retirement quiz right here from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes. Smart Asset is now matching over 50,000 people a month.
Click here now to get started.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
