Shares of Domino’s Pizza Inc. dropped 1.9% in premarket trading Monday, after the pizza chain reported second-quarter profit that topped expectations but...
Shares of Domino’s Pizza Inc. DPZ dropped 1.9% in premarket trading Monday, after the pizza chain reported second-quarter profit that topped expectations but revenue that surprisingly declined, as market basket pricing to stores fell. Net income rose to $109.4 million, or $3.08 a share, from $102.5 million, or $2.82 a share, in the year-ago period. That beat the FactSet consensus for earnings per share of $3.06. Revenue declined 3.8%, to $1.024 billion from $1.
9% in premarket trading Monday, after the pizza chain reported second-quarter profit that topped expectations but revenue that surprisingly declined, as market basket pricing to stores fell. Net income rose to $109.4 million, or $3.08 a share, from $102.5 million, or $2.82 a share, in the year-ago period. That beat the FactSet consensus for earnings per share of $3.06. Revenue declined 3.8%, to $1.024 billion from $1.065 billion, while the FactSet consensus was for a rise to $1.072 billion. U.S.
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