Domino's Pizza Q3 Earnings Report

Investing.com – Domino's Pizza (NYSE:DPZ) Inc. reported third-quarter earnings that surpassed analyst expectations, though revenue fell short, leading to a 1.3% decline in early trading.

The world's largest pizza chain posted adjusted earnings per share of $4.19, exceeding the analyst consensus of $3.63. In contrast, revenue reached $1.08 billion, below the projected $1.1 billion.

Global retail sales experienced a 5.1% YoY increase, excluding foreign currency impact. U.S. same-store sales rose 3.0%, while international same-store sales grew 0.8%, adjusted for currency effects.

Russell Weiner, Domino's Chief Executive Officer, stated, "Our third quarter results once again demonstrated that our Hungry for MORE strategy is resonating, despite a pressured global marketplace."

During the quarter, the company reported a net store growth of 72 locations globally. Income from operations increased by 5.0%, or 5.7% when accounting for a $1.4 million negative impact from foreign currency exchange rates on international franchise royalty revenues.

Domino's has maintained its 2024 guidance, expecting approximately 6% annual global retail sales growth and 8% annual income from operations growth. The company also projects global net store growth of 800 to 850 for the year.

For 2025, Domino's anticipates that both annual global retail sales growth and income from operations growth will align generally with its 2024 expectations.