Domino’s Pizza Q2 Earnings: U.S. Sales Shine Amid Earnings Shortfall
Domino’s Pizza Inc. (NASDAQ: DPZ) shares ROSE 2.15% to $475.95 post-earnings, buoyed by stronger-than-expected U.S. same-store sales growth of 3.4%. The gains offset disappointment over an earnings miss, with Q2 adjusted EPS of $3.81 falling $0.13 short of estimates. Revenue met expectations at $1.15 billion, up 4.3% year-over-year.
CEO Russell Weiner highlighted market share gains in the U.S. quick-service segment, driven by growth across both delivery and carryout channels. Global retail sales increased 5.6%, supported by 178 net new store openings. International same-store sales grew at a slower 2.4% pace.
Net income declined 7.7% to $131.1 million due to investment losses and tax impacts. Analysts maintain a bullish stance, with a median 12-month price target of $530 representing 11% upside potential.