Domino’s Rises as International Sales Fuel Profit Jump
Domino’s Pizza Inc. (DPZ) rose after second-quarter earnings topped analysts’ estimates on increasing international sales.
The company advanced 3 percent to $32.96 at the close in New York. The shares have dropped 2.9 percent this year.
Net income rose 11 percent to $28.1 million, or 47 cents a share, from $25.2 million, or 40 cents, a year earlier, the Ann Arbor, Michigan-based company said in a statement today.
Domino’s has sought to boost sales by accelerating store openings abroad in nations such as India, Turkey and the U.K. Same-store sales at its international eateries rose 5.7 percent in the quarter, while comparable sales at domestic locations increased 1.7 percent, the company said in the statement.
Same-store sales are considered a key indicator of a retailer’s growth because they include only older locations.
The company has about 10,000 stores worldwide, including about 4,900 in the U.S.
To contact the reporter on this story: Leslie Patton in Chicago at lpatton5@bloomberg.net
To contact the editor responsible for this story: Robin Ajello at rajello@bloomberg.net
Domino’s Rises as International Sales Fuel Profit: Detroit Mover
Jason Alden/Bloomberg
Domino's Pizza Inc. has sought to boost sales by accelerating store openings abroad in nations such as India, Turkey and the U.K.
Domino's Pizza Inc. has sought to boost sales by accelerating store openings abroad in nations such as India, Turkey and the U.K. Photographer: Jason Alden/Bloomberg
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