Domino's Pizza announced Thursday it fell short of sales estimates in the third quarter as restaurant operators intensified their pursuit for price-conscious customers by doubling down on value offers. The world's largest pizza chain has revamped its reward program and enhanced its discount offerings, but it still faces challenges from fastfood rivals that can offer more affordable value meals. McDonald's, for example, brought back its fan-favorite $5 Meal Deal this summer and extended it the promo through ...

U.S. stocks traded lower toward the end of trading, with the S&P 500 falling around 0.3% on Thursday. The Dow traded down 0.36% to 42,360.40 while the NASDAQ fell 0.20% to 18,255.32. The S&P 500 also fell, dropping, 0.33% to 5,772.71. Check This Out: Netflix To Rally Around 13%? Here Are 10 Top Analyst Forecasts For Thursday Leading and Lagging Sectors Energy shares jumped by 1.1% on Thursday. In trading on Thursday, real estate shares fell by 0.9%. Top Headline Domino's Pizza Inc DPZ reported mixed third-q ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, The ...

Domino's Pizza, Inc. (NYSE:DPZ) Q3 2024 Earnings Conference Call October 10, 2024 8:30 AM ET Company Participants Greg Lemenchick - VP of IR Russell Weiner - CEO Sandeep Reddy - CFO Conference Call Participants David Tarantino - Baird David Palmer - Evercore ISI Brian Bittner - Oppenheimer Dennis Geiger - UBS John Ivankoe - JPMorgan Peter Saleh - BTIG Sara Senatore - Bank of America Gregory Francfort - Guggenheim Jon Tower - Citi Danilo Gargiulo - Bernstein Christine Cho - Goldman Sachs Chris O'Cull - Stife ...

Company Performance - Domino's Pizza's Q3 revenue grew by 4.9% globally, with a 5.1% FX-neutral gain, driven by growth in both U.S. and International segments [3] - U.S. comparable sales increased by 3.0%, while International comparable sales were light at 0.8% [3] - The company added 72 net new stores, contributing to a nearly 4% increase in total store count by the end of Q3 [3] - GAAP earnings were $4.19, up by a penny compared to last year, supported by share repurchases [4] - Free cash flow improved, sustaining capital return and balance sheet strength, with further sequential improvement expected [4] Financial Metrics - Domino's Pizza's stock price is $419.73, up 1.58% with a 52-week range of $332.13 to $542.75 [1] - The company has a dividend yield of 1.44% and a P/E ratio of 27.40 [1] - The price target for Domino's Pizza is $504.03, with analysts projecting a 19.7% upside [1][6] - Q3 share buybacks totaled nearly $200 million, reducing the average share count by 1% [5] - The company maintains a strong balance sheet, with robust share repurchases expected to continue through 2025 [5] Strategic Initiatives - Domino's "Hungry for MORE" strategy is driving growth and leveraging bottom-line results, positioning the company for accelerated growth as macroeconomic conditions improve [1] - The company expects store count growth, market penetration, cash flow, and capital return to drive shareholder value until interest rate cuts in 2025 [2] - Domino's guidance for 2024 includes a revised revenue target of 6%, with earnings forecasts maintained, signaling bullish market sentiment [6] - The relaunch of the Emergency Pizza deal for loyalty members could lead to higher-than-expected forecasts for 2025 [6] Market and Analyst Sentiment - Domino's Q3 results were mixed, with revenue slightly missing consensus by 180 basis points but offset by top-line growth and improved operating leverage [2] - Analysts have lowered price targets but maintain a high conviction in the stock, with an average target of $522.5 and Outperform ratings from BMO Capital and Baird [7] - The stock price fell nearly 3% post-earnings but quickly rebounded, with a 2% increase at the high, indicating strong support and potential for further upside [8] - Domino's Pizza has a "Moderate Buy" rating, but top-rated analysts suggest other stocks may offer better investment opportunities [9][10] Industry Outlook - Falling interest rates, expected to begin in Q2 2025, along with G-7 central bank rate cuts, are anticipated to reinvigorate economic activity and benefit restaurant stocks [2] - Domino's is well-positioned to sustain capital returns and balance sheet improvements, supported by projected earnings growth of 8% and a 4% increase in store counts [6]

Domino's Pizza, Inc. (DPZ) reported mixed third-quarter fiscal 2024 results. While its earnings beat the Zacks Consensus Estimate, revenues missed the same. The top and the bottom lines increased from the prior-year quarter's reported numbers. Following the announcement, the company's shares lost 2% in the pre-market trading session. Investor sentiment was negatively impacted by DPZ's fiscal 2024 guidance, which reflects the challenges of the macroeconomic environment and their effect on current business tr ...

Domino's Pizza (DPZ) reported $1.08 billion in revenue for the quarter ended September 2024, representing a year-over-year increase of 5.1%. EPS of $4.19 for the same period compares to $4.18 a year ago. The reported revenue represents a surprise of -1.72% over the Zacks Consensus Estimate of $1.1 billion. With the consensus EPS estimate being $3.71, the EPS surprise was +12.94%. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall ...

Key Takeaways Domino's Pizza reported strong third-quarter profit- as order volumes increased. The pizza delivery giant's gross margin at U.S. company-owned stores was up 1.0 percentage point. However, revenue came up short of forecasts, and it gave soft guidance because of what it called a "challenging economic environment." Domino's Pizza (DPZ) shares fell Thursday morning when the pizza delivery giant's better-than-expected profit was offset by a revenue miss and soft guidance. The company reported third ...

Domino's Pizza (DPZ) came out with quarterly earnings of $4.19 per share, beating the Zacks Consensus Estimate of $3.71 per share. This compares to earnings of $4.18 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 12.94%. A quarter ago, it was expected that this pizza chain would post earnings of $3.70 per share when it actually produced earnings of $4.03, delivering a surprise of 8.92%. Over the last four quarters, the compa ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 8, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to | --- | --- | --- | --- | |----------------------------------------------------------------------------|-------------------------------------------------- ...