Domino’s Pizza stock falls after profit tops views but revenue misses, as market basket pricing drops

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 97%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in AU
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Australia Australia Latest News, Australia Australia Headlines