DPZ

TD Cowen analyst Andrew Charles reiterated a Buy rating on the shares of Domino’s Pizza Inc (NYSE:DPZ) with a price target of $550. The company reported first-quarter FY24 sales growth of 6% year-on-year to $1.085 billion, beating the analyst consensus estimate of $1.079 billion. EPS of $3.58 beat the consensus estimate of $3.42. The analyst attributes the EPS beat primarily to 110 basis points of better supply chain margin vs the Cowen model ($0.20), lower interest expense ($0.05), and lower income tax ($0.16). DPC Dash (Domino’s China) investment losses from fair value adjustments weighed on the first-quarter EPS by $0.53 relative to the analyst’s $0.50 estimate. U.S. same store sales of 5.6% exceeded the analyst’s expectations, aided by positive order counts for both delivery & carry-out orders, said the analyst. Order count growth was observed across all income cohorts in a challenged restaurant spending atmosphere for lower income consumers. DPZ ended first-quarter with […]

CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We lift our 12-month target to $560 from $483, 35.3x our 2024 EPS, higher than DPZ’s five-year average forward P/E of 28.9x, reflecting DPZ’s better top- and bottom-line growth prospects due its “Hungry for M.O.R.E” strategy. We raise our 2024 EPS to $15.85 from $15.76 and 2025’s to $17.74 from $17.58. DPZ posted Q1 EPS of $3.58, $0.18 above consensus. Revenue of $1,085M (+5.9% Y/Y) was $7M above consensus. Operating income rose 18.6% Y/Y to $210M, with margin widening 210 bps to 19.4% vs. the 18.4% consensus. Same-store sales increased in the U.S. (+5.6%) and internationally (+0.9% vs. +0.2% consensus), due to order count growth across income cohorts in carryout and delivery. We note that DPZ saw the most growth among lower-income cohorts, along with its launch

CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We lift our 12-month target to $483 from $370, 30.6x our 2024 EPS estimate, above DPZ’s five-year average forward P/E of 28.8x, reflecting better revenue growth prospects. We raise our 2024 EPS to $15.76 from $15.69 and set 2025’s at $17.58. DPZ posted Q4 EPS of $4.48 (+1.1% Y/Y), $0.08 above consensus. Revenue of $1,403M (+0.8% Y/Y) was $18M below consensus. Operating income increased 3.4% Y/Y to $257M vs. the $253M consensus, with margin widening 46 bps Y/Y to 18.3%. Same-store sales rose in the U.S. by 2.8%, but only increased 0.1% (ex-FX) internationally vs. the 3.3% consensus. In the U.S., DPZ saw growth in both carry-out and delivery transactions, while international closures, mainly in Russia and Brazil, weighed on revenue. DPZ also raised its dividend by

Domino’s Pizza (DPZ) shares are likely to gain further thanks to accelerating growth and solid catalyst path, UBS said in a report Tuesday. “DPZ remains a top pick and we believe further upside exists for one of the few restaurants with accelerating [same store sales] and unit growth, positive traffic, a compelling catalyst path with potential ’25 earnings beats, and opportunity for further multiple expansion,” UBS analysts, including Dennis Geiger, said. Adding to the upbeat outlook, UBS said it expects the partnership with Uber Eats to make deliveries in the US and multiple international markets to help drive sales growth this year. A recent UBS Evidence Lab’s Quick Service Restaurant survey also indicated solidly positive visit intent, outperforming both pizza peers and many large QSR brands on multiple value related attributes, according to the report. “Survey results suggest DPZ is positioned to maintain momentum given solid value scores, promos that

JP Morgan analyst John Ivankoe downgrades Domino’s Pizza (NYSE:DPZ) from Overweight to Neutral and raises the price target from $420 to $430.

Domino’s Pizza’s (DPZ) Q4 backs the “improving narrative” into 2024, with potential growth in delivery and carryout, as well as accelerated unit growth in the US this year, Morgan Stanley said in an emailed note to clients Tuesday. The investment firm raised its price target on the company to $485 from $465 and kept its overweight rating. Domino’s on Monday reported higher earnings and revenue in fiscal Q4. Domino’s expects to drive transaction growth in delivery and carry out excluding impact from Uber Technologies’ (UBER) Uber Eats, reach 3% of sales from Uber by the end of 2024 and see a low-single-digit percentage of pricing due to wage inflation, according to the note. “If one believes the first part of that, which was visible in the Q4 but may remain a point of debate, [more than] 5% comps could be on the table for the year, as we have been

Domino’s Pizza(R) Announces Fourth Quarter and Fiscal 2023 Financial Results ANN ARBOR, Mich., Feb. 26, 2024 Global retail sales growth (excluding foreign currency impact) of 4.9% for the fourth quarter; 5.4% growth for fiscal 2023 U.S. same store sales growth of 2.8% for the fourth quarter; 1.6% growth for fiscal 2023 International same store sales growth (excluding foreign currency impact) of 0.1% for the fourth quarter; 1.7% growth for fiscal 2023 Global net store growth of 394 for the fourth quarter; 711 for fiscal 2023 (excluding closure of the Russia market, global net stores grew by 870 for fiscal 2023) Income from operations up 3.4% for the fourth quarter; up 6.7% for fiscal 2023 (excluding $21.2 million pre-tax refranchising gain recorded in fourth quarter of 2022, income from operations up 13.0% for the fourth quarter; up 9.7% for fiscal 2023) Board of Directors approves 25% increase in quarterly dividend to

Domino’s Pizza (DPZ) reported fiscal Q4 earnings Monday of $4.48 per diluted share, up from $4.43 a year earlier. Analysts polled by Capital IQ expected $4.40. Total revenue for the quarter ended Dec. 31 was $1.40 billion, up from $1.39 billion a year earlier. Analysts surveyed by Capital IQ expected $1.42 billion. The company’s board declared in February a 25% increase in its quarterly dividend to $1.51 per share payable March 29 to shareholders of record March 15. Domino’s Pizza shares were up more than 6% in recent Monday premarket activity.

Domino’s Pizza (NYSE:DPZ) Exec Says Expect 2024 U.S. Comp Sales To Be Above 3% Long-Term Guide, Due To Expected Outsized Catalysts In Uber And Loyalty。

CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We lift our 12-month target to $483 from $370, 30.6x our 2024 EPS estimate, above DPZ’s five-year average forward P/E of 28.8x, reflecting better revenue growth prospects. We raise our 2024 EPS to $15.76 from $15.69 and set 2025’s at $17.58. DPZ posted Q4 EPS of $4.48 (+1.1% Y/Y), $0.08 above consensus. Revenue of $1,403M (+0.8% Y/Y) was $18M below consensus. Operating income increased 3.4% Y/Y to $257M vs. the $253M consensus, with margin widening 46 bps Y/Y to 18.3%. Same-store sales rose in the U.S. by 2.8%, but only increased 0.1% (ex-FX) internationally vs. the 3.3% consensus. In the U.S., DPZ saw growth in both carry-out and delivery transactions, while international closures, mainly in Russia and Brazil, weighed on revenue. DPZ also raised its dividend by

The following is a summary of the Domino’s Pizza, Inc. (DPZ) Q4 2023 Earnings Call Transcript: Financial Performance: Domino’s reported positive U.S. same-store sales and transaction growth in both delivery and carryout in Q4. The company added 168 net new stores in 2023, surpassing expectations and increasing estimated average franchisee profitability per store to $162,000. Q4 global retail sales grew 4.9%, driven by positive U.S. comps and global store growth. Domino’s saw a decline of 1.6 percentage points in the U.S. company-owned store gross margin in Q4 Q4 income from operations increased by $8.4 million or 3.4%, and was up approximately 10% for the full year. The Company increased its dividend by 25% and share repurchase authorization by $1 billion. Business Progress: Domino’s grew their rewards program by 3 million active members in 2023, reaching approximately 33 million active members by the end of the year. The company executed its

Domino’s Pizza (NYSE:DPZ) is set to give its latest quarterly earnings report on Monday, 2024-02-26. Here’s what investors need to know before the announcement. Analysts estimate that Domino’s Pizza will report an earnings per share (EPS) of $4.37. Domino’s Pizza bulls will hope to hear the company announce they’ve not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.