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Domino's Pizza Falls After Posting Mixed Q2 Earnings, Weak Sales
Domino's said it earned $2.19 per share in the second quarter on revenue of $811.65 million. By comparison, Street analysts expected the chain to earn $2.02 per share on revenue of $836.92 million.
Same-store sales during the quarter in the U.S. region were higher by 3%, which was short of the 4.6% expected. Similarly, international same-store sales were higher by 2.4%, shy of the 2.6% expected.
Net income for the quarter rose from $77.4 million in the same quarter last year to $92.4 million. The company attributed its higher profit to increased royalty revenues from franchised stores and higher supply chain volumes.
Domino's purchased and retired 12,295 shares of its stock and the company ended the second quarter with authorization to purchase another $147.3 million worth of shares.
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https://www.benzinga.com/news/earnings/1...weak-sales
![[Bild: DPZc1dl0701.png]](https://finviz.com/publish/071719/DPZc1dl0701.png)
Domino's said it earned $2.19 per share in the second quarter on revenue of $811.65 million. By comparison, Street analysts expected the chain to earn $2.02 per share on revenue of $836.92 million.
Same-store sales during the quarter in the U.S. region were higher by 3%, which was short of the 4.6% expected. Similarly, international same-store sales were higher by 2.4%, shy of the 2.6% expected.
Net income for the quarter rose from $77.4 million in the same quarter last year to $92.4 million. The company attributed its higher profit to increased royalty revenues from franchised stores and higher supply chain volumes.
Domino's purchased and retired 12,295 shares of its stock and the company ended the second quarter with authorization to purchase another $147.3 million worth of shares.
...
https://www.benzinga.com/news/earnings/1...weak-sales
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