Domino's Pizza (DPZ) Q2 Earnings Surpass Estimates

Core Insights - Domino's Pizza reported an earnings surprise of 8.92%, with actual earnings of $3.58 per share compared to the expected$3.37 per share, marking a surprise of 6.23% in the previous quarter [1] - The company posted revenues of $1.1 billion for the quarter ended June 2024, which was 0.64$1.02 billion in the same quarter last year [2] - The stock has increased by approximately 14.8% year-to-date, while the S&P 500 has gained 17.2% during the same period [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $3.68 on revenues of$1.11 billion, and for the current fiscal year, it is $16.03 on revenues of$4.83 billion [5] - The estimate revisions trend for Domino's Pizza is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market [11] Industry Context - The Retail - Restaurants industry, to which Domino's belongs, is currently ranked in the bottom 34% of over 250 Zacks industries, suggesting potential challenges ahead [12] - Another competitor in the industry, Wendy's, is expected to report revenues of $578.51 million, reflecting a 3% increase from the previous year [7]