Domino's Pizza Q3 Earnings Beat Estimates with EPS $4.19, Revenue Misses at $1.08B

Oct 10, 2024, 10:45 AM

Domino's Pizza (NYSE: DPZ) reported its Q3 2024 earnings, surpassing expectations with a GAAP EPS of $4.19 compared to the estimated $3.63. Revenue, however, fell short at $1.08 billion against the projected $1.1 billion. Despite the revenue miss, the company highlighted a 4.5% increase in same-store sales in the U.S. and a 1.1% rise internationally. Domino's CEO Russell Weiner noted the company's continued growth in profitable order counts in the U.S. for the fourth consecutive quarter. The company also provided guidance for FY24, expecting a 6% growth in global retail sales and an 8% increase in annual income from operations, although it cut its 2024-25 outlook. Shares closed at $411.15. Q3 revenue increased by 5.1%, and the company is on track for its 31st consecutive year of same-store sales growth internationally.