Domino’s Pizza (DPZ) posted its first-quarter earnings on April 24. For the quarter ending on March 24, the company posted an adjusted EPS of $2.20 on revenues of $836.0 million. The company’s revenues increased 6.4% YoY (year-over-year), while its adjusted EPS rose 10%.
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For the first quarter, Domino’s revenues fell short of analysts’ expectations of $849.6 million. The company’s SSSG (same-store sales growth) was lower than analysts’ expectations in domestic and international markets. In the United States, the company posted an SSSG of 3.9%, which fell short of analysts’ expectations of 4.2%. In the international market, the company posted an SSSG of 1.8%—compared to analysts’ expectation of 2.4%. The company’s management stated that its fortressing strategy and aggressive promotions from third-party aggregators had a negative impact on its SSSG in the United States during the quarter.
Despite posting lower-than-expected revenues, the company beat analysts’ EPS estimate of $2.09. The strong first-quarter earnings appear to have led to a rise in the company’s stock price. As of April 24, the company was trading at $283.42—a rise of 4.9% from the previous day’s closing price.