Domino's Pizza Shares Gain On Solid Q2 Earnings, New $1B Stock Buyback

Domino's Pizza Inc DPZ reported second-quarter FY21 net revenue growth of 12.2% year-on-year to $1.03 billion, beating the analyst consensus of $969.9 million.
Revenue growth was driven by international and U.S. same-store sales and increases in global store count during the trailing four quarters.
Global retail sales increase 21.6%, while same-store sales for the U.S. grew 3.5%.
The operating margin was 39.5% for the quarter, versus 38.8% last year.
The company held $292.1 million in unrestricted cash and equivalents and had a total debt of $5.08 billion as of June 20, 2021.
Adjusted EPS of $3.12 beat the analyst consensus of $2.86.
"I am pleased that in the second quarter our cumulative two-year same-stores sales were up 19.6% domestically and 15.2% internationally, signifying meaningful and sustained growth," said CEO Ritch Allison.
On July 20, 2021, Domino's Pizza authorized a new share repurchase program for up to $1.0 billion of common stock.
It also declared a $0.94 per share quarterly dividend, payable on September 30, 2021, for shareholders of record as of September 15, 2021.
Price action: DPZ shares are trading higher by 9.49% at $515.01 on the last check Thursday.

Earnings Calendar