How are energy investors positioned?
Investing.com -- Domino’s Pizza, Inc. reported first-quarter earnings that exceeded analyst expectations, while revenue fell short of estimates. The pizza chain’s stock slipped 1.8% following the release.
The pizza company posted adjusted earnings per share of $4.33, surpassing the analyst consensus of $4.00. Revenue came in at $1.11 billion, slightly below the $1.13 billion analysts had projected.
Domino’s saw global retail sales growth of 4.7% in Q1, excluding foreign currency impact. U.S. same-store sales declined 0.5%, while international same-store sales rose 3.7%.
The company reported a global net store decline of 8 locations during the quarter, including 17 net store openings in the U.S. and 25 net store closures internationally.
"Domino’s Q1 results demonstrate that our Hungry for MORE strategy continues to drive market share growth in QSR Pizza across both our US and international businesses," said CEO Russell Weiner.
Income from operations decreased 0.2% year-over-year. Excluding a $3.2 million negative impact from foreign currency exchange rates on international franchise royalty revenues, income from operations increased 1.4%.
The company’s board declared a quarterly dividend of $1.74 per share, payable on June 30 to shareholders of record as of June 13.
Domino’s repurchased 115,280 shares for $50 million during Q1. As of March 23, the company had $764.3 million remaining under its share repurchase authorization.