Domino's Pizza beats by $0.02, beats on revs
Reports Q3 (Sep) earnings of $0.63 per share, excluding non-recurring items, $0.02 better than the Capital IQ Consensus Estimate of $0.61; revenues rose 10.5% year/year to $446.6 mln vs the $434.06 mln consensus, due primarily to higher supply chain revenues from increased volumes in the supply chain centers and elevated commodity prices, specifically cheese, as well as increased sales of equipment and supplies to stores as our store reimaging program accelerates.
- Domestic comps +7.7%; International +7.1% (ex-FX)
- Additionally, sales and store growth contributed to increased revenues in all business segments.
- During Q3, the Company repurchased and retired 242,700 shares of its common stock under its open market share repurchase program for ~$17.4 million, or an average price of $71.69 per share.