Domino's Pizza Reports Better Than Expected Q3 Profits

Domino's Pizza (NYSE:DPZ) announced its Q3 results, with earnings per share (EPS) coming in at $4.18, significantly outperforming the projected $3.31. However, the company's revenue of $1.03 billion, marking a 3.9% decline from the previous year, didn't meet the expected $1.05 billion.

Domestic store performance varied. The comparable sales growth for all domestic stores dropped by 0.6%, missing the anticipated +0.1%. Company-owned domestic stores saw growth of 2.9%, aligning with expectations. In contrast, domestic franchise sales declined by 0.7%, deviating from the +0.2% that analysts forecasted. On the international front, the comparable sales growth was 3.3%, surpassing the 2.8% estimate.

For 2023, Domino's projects its worldwide store growth to either match or slightly trail the bottom range of its 5% to 7% multi-year forecast. Furthermore, excluding foreign currency effects, the company's global retail sales growth for 2023 is predicted to be slightly under the midpoint of its 4% to 8% two- to three-year projection.