Domino’s Pizza Shares Dropped After Q2 Results Miss Expectations

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Domino's Pizza, Inc. (NYSE: DPZ) announced its results for the second quarter. Shares of the company dropped 4.4% in premarket trading today.

According to the company, total revenue for the second quarter increased from $628.6 million for the same period last year to $779.4 million. The results missed analysts’ estimates of $786.0 million.

In addition, net income rose from $65.7 million, or $1.32 per share, for the same period last year, to $77.4 million, or $1.78 per share, for the second quarter. Adjusted earnings per share was reported to be $1.84 per share. The results surpassed analysts’ estimates of $1.74 pe share.

“I'm delighted to report that our franchisees and team members continued to deliver great results across the global Domino's system,” RitchAllison, the Chief Executive Officer of the company, said in the statement on Thursday.

“Global retail sales remain strong as we see our franchisees building new stores, growing same store sales and bringing customers back again and again. Our second quarter was highlighted by yet another innovation in food delivery with the launch of Domino's HotSpots™, of which there are now more than 200,000 across the United States,” Ritch continued.

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