Domino's Beats on Same-Store Sales, Misses on EPS
U.S. same-store sales rose 3.4% from a year ago, while international sales increased 2.4%both ahead of Visible Alpha consensus. Revenue matched estimates at $1.15 billion, up 4% year over year. However, adjusted EPS dropped 5.5% to $3.81, slightly below expectations.
CEO Russell Weiner said Domino's is now fully rolled out on the two largest aggregators, referencing new partnerships with DoorDash (DASH, Financials) and Uber Eats (UBER, Financials). The company ended its exclusive agreement with Uber in May and added stores to DoorDash earlier this year.
Weiner pointed to Domino's supply chain, advertising scale, and loyalty program as competitive advantages, saying the company is well-positioned moving forward.
This article first appeared on GuruFocus.
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