Domino's Pizza Inc logo

DPZ - Domino's Pizza Inc News Story

$459.46 -0.7  -0.2%

Last Trade - 21/06/21

Sector
Consumer Cyclicals
Size
Large Cap
Market Cap £12.81bn
Enterprise Value £15.48bn
Revenue £3.04bn
Position in Universe 663rd / 6942

UPDATE 1-Domino's Pizza quarterly revenue misses estimates on slowing demand

Thu 29th April, 2021 12:47pm
(Adds background on competition, share move)
    April 29 (Reuters) - Domino's Pizza Inc  DPZ.N  missed Wall
Street estimates for quarterly revenue on Thursday, as demand
for its pizzas weakened after coronavirus-led restrictions were
eased in the United States, sending shares down 3%.
    The world's largest pizza chain was pressured by competition
from those including McDonald's Corp  MCD.N  and Chipotle
Mexican Grill Inc  CMG.N , as the roll-out of vaccines and
easing lockdowns encouraged consumers to dine out at
restaurants.
    Total revenue rose to $983.7 million in the first quarter
from $873.1 million a year earlier, compared with estimates of
$984.77 million, according to IBES data from Refinitiv.
 urn:newsml:reuters.com:*:nPn9pd7wYa
    Net income fell to $117.8 million, or $3 per share, from
$121.6 million, or $3.07 per share, a year earlier.
    

 (Reporting by Aditi Sebastian; Editing by Amy Caren Daniel)
 ((aditi.sebastian@thomsonreuters.com;;  within U.S. +1 646 223
8780, outside U.S. +91 806 182 2780;))
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