Domino's Pizza Inc logo

DPZ - Domino's Pizza Inc News Story

$397.96 3.1  0.8%

Last Trade - 19/04/21

Sector
Consumer Cyclicals
Size
Large Cap
Market Cap £11.04bn
Enterprise Value £13.79bn
Revenue £2.94bn
Position in Universe 720th / 6849

UPDATE 1-Domino's sales rise slightly short of estimates as coronavirus curbs ease

Thu 25th February, 2021 12:49pm
(Adds shares, details from results, background)
    Feb 25 (Reuters) - Domino's Pizza Inc  DPZ.N  missed
estimates for quarterly revenue on Thursday, as the pizza chain
faced stiff competition from rival fast-food chains and
restaurants that reopened after the easing of some COVID-19
curbs.
    Shares of the company were down 3% in premarket trading.
    Analysts have raised concerns over the ability of pizza
chains, including Domino's, to keep up heightened sales levels
seen during the lockdowns in a post-pandemic world, as more
dine-in restaurants open up and compete for customers.
    Sales at Domino's U.S. stores open for more than a year rose
11.2%, missing market estimates of 12.48%, according to
Refinitiv IBES data.
    Net income rose to $151.9 million, or $3.85 per share, from
$129.3 million, or $3.12 per share, a year earlier.
    Total revenue rose to $1.36 billion from $1.15 billion in
the fourth quarter ended Jan. 3, compared with analysts'
estimates of $1.39 billion.

 (Reporting by Praveen Paramasivam in Bengaluru; Editing by
Ramakrishnan M.)
 ((Praveen.Paramasivam@thomsonreuters.com;))
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