Domino's Pizza Q2 revenue slightly beats on royalties and advertising growth
DPZ•Analyst coverage
- The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 17 "strong buy" or "buy", 14 "hold" and 1 "sell" or "strong sell"
- The average consensus recommendation for the restaurants & bars peer group is "buy"
- Wall Street's median 12-month price target for Domino's Pizza Inc is $390.00, about 21.1% above its July 17 closing price of $322.18
- The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 18 three months ago
Outlook and key metrics
The company said it is focused on order growth to drive long-term success.
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q2 Revenue | Slight Beat* | $1.19 billion | $1.18 billion (22 Analysts) |
| Q2 EPS | $4.07 | ||
| Q2 Net Income | Miss | $135.80 million | $140.29 million (19 Analysts) |
| Q2 U.S. Same Store Sales Growth | 0.10% |
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
Quarterly results and drivers
Domino's Pizza said second-quarter revenue rose 4%, slightly beating analyst expectations.
- U.S. pizza chain's Q2 revenue rose 4%, slightly beating analyst expectations
- Q2 net income missed analyst estimates; adjusted EPS rose 6.8% year over year
