Domino's Reports Growth

Shares of Domino’s Pizza were up after the company reported their third quarter earnings on Tuesday. The company posted earnings per share of $0.63. Their consensus estimate was $0.61.

In addition, Domino’s posted the same store sales growth of 7.7% in the United States. The growth for the same period last year was 7.1%. Domino’s also grew their number of stores by 160.

The CEO, J. Patrick Doyle said, “Great people, food, service and technology have helped us deliver another strong quarter of global sales and profits. Our franchisees continued to drive vigorous store growth worldwide and have embraced our Pizza Theater store reimage program in neighborhoods around the world.”

A dividend of $0.25 per share was declared. It is to be paid out at the end of 2014.

 

Posted on October 16, 2014 at 10:00 AM