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Investing.com -- Domino’s Pizza reported third-quarter earnings that surpassed Wall Street expectations, driven by solid same-store sales growth in both U.S. and international markets.
The pizza chain’s shares rose 1.5% in pre-market U.S. trade as investors responded positively to the earnings beat.
The company posted earnings per share of $4.08, exceeding analyst estimates of $3.96. Revenue came in at $1.15 billion, slightly above the consensus forecast of $1.14 billion.
Domino’s reported a 5.2% increase in U.S. same-store sales and a 1.7% rise in international same-store sales, excluding foreign currency impact.
Global retail sales grew 6.3% when excluding foreign currency impact, while the company added 214 net new stores globally during the quarter, including 29 in the U.S. and 185 internationally.
Income from operations increased 12.2%, or 11.8% when excluding the positive impact of foreign currency exchange rates on international franchise royalty revenues.
"In the U.S., we drove positive order counts behind our Best Deal Ever promotion and stuffed crust pizza product innovation for the third quarter," said Russell Weiner, Domino’s Chief Executive Officer.
The company attributed its strong performance to successful promotions and product innovation, which helped drive positive order counts in both delivery and carryout segments.
Management expressed confidence in continuing to gain market share in the QSR pizza category globally.