Domino's Pizza Shares Slide Post Mixed Q1 Earnings Performance

  • Domino's Pizza Inc DPZ reported first-quarter FY23 sales growth of 1.3% year-on-year to $1.02 billion, missing the consensus of $1.03 billion.
  • Global retail sales increased 5.9%, excluding the negative impact of foreign currency. Without adjusting for the impact of foreign currency, global retail sales grew 2.2%.
  • Same-store sales in the U.S. grew 3.6%, while International same-store sales (excluding foreign currency impact) increased 1.2%.
  • The company had global net store growth of 128 stores, comprised of 22 net U.S. store openings and 106 net international store openings. 
  • Gross margin for the quarter expanded 110 basis points to 37.6%. Operating margin for the quarter expanded 100 basis points to 17.3%.
  • EPS of $2.93 beat the analyst consensus of $2.73.
  • The company held $395 million in cash and equivalents as of March 26, 2023.
  • Net cash provided by operating activities for the quarter totaled $114.7 million, with a free cash flow of $95.7 million.
  • On April 25, 2023, the company's Board of Directors declared a $1.21 per share quarterly dividend on its shares of record as of June 15, 2023, to be paid on June 30, 2023.
  • Outlook: Domino's Pizza sees FY23 capital expenditure of $90 million - $100 million.
  • Price Action: DPZ shares are trading lower by 6.55% at $316.83 on the last check Thursday.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsNewsGuidanceMoversGeneralBriefs
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!