Domino's Pizza (DPZ) Releases Earnings Results, Beats Expectations By $0.04 EPS

Domino's Pizza (DPZ) reported quarterly earnings results on Thursday, Jul-21-2016. The company said it had a profit of $0.98 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.04. Analysts had a consensus of $0.94. The company posted revenue of $547.34 million in the period, compared to analysts expectations of $532.55 million. The company’s revenue was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.81 EPS.

Many Wall Street Analysts have commented on Domino's Pizza. Domino's Pizza was Downgraded by Nomura to ” Neutral” on Jun 22, 2016. Shares were Reiterated by Maxim Group on May 4, 2016 to “Hold” and Lowered the Price Target to $ 127 from a previous price target of $138 .

Domino's Pizza opened for trading at $136.3 and hit $137.87 on the upside on Wednesday, eventually ending the session at $136.89, with a gain of 0.99% or 1.34 points. The heightened volatility saw the trading volume jump to 13,32,607 shares. Company has a market cap of $6,866 M.

In a different news, on Mar 11, 2016, J Patrick Doyle (President and CEO) sold 200,000 shares at $134.01 per share price. According to the SEC, on Mar 9, 2016, Russell J Weiner (President, Domino’s U.S.A.) sold 60,000 shares at $133.88 per share price. On Mar 7, 2016, Jeffrey D Lawrence (Chief Financial Officer) sold 13,500 shares at $133.63 per share price, according to the Form-4 filing with the securities and exchange commission.

Domino’s Pizza Inc. is a pizza retail chain. The Company operates pizza stores at 11900 locations in over 80 markets. The Company operates in three business segments: domestic stores international franchise and supply chain. The Company’s Domestic Stores segment consists primarily of its franchise operations through which the Company operates network of 4722 franchised stores located in the United States. The Company’s International Franchise segment is comprised of a network of franchised stores in more than 80 international markets. The Company supply chain segment operates 16 regional dough manufacturing and food supply chain centers in the contiguous United States. Its basic menu features pizza products in various sizes and crust types. Its store also offers oven-baked sandwiches pasta boneless chicken and wings bread side items desserts and Coca-Cola soft drink products.

Domino's Pizza

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