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.
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.
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