Topic: How To Invest

Stock Pickers Digest Hotline – Friday, July 28, 2017

Article Excerpt

DOMINO’S PIZZA INC., $183.09, symbol DPZ on New York, is the world’s largest chain of pizza stores that offer takeout and delivery. It operates over 14,000 outlets, in the U.S. and 85 other countries. Franchisees run most of these stores. In the three months ended June 18, 2017, the company’s sales rose 14.8%, to $628.6 million from $547.3 million a year earlier. That beat the consensus forecast of $613.4 million. Those revenue increases helped to lift overall earnings: profit rose 33.5%, to $65.7 million, or $1.32 a share, from $49.3 million, or $0.98. That also beat the consensus estimate of $1.22. Despite the better-than-expected results, Domino’s shares fell over 14% this week. That’s because U.S. same-store sales rose 9.5%, which was below the 9.7% growth a year earlier. More important, though, internationally, same-store sales rose just 2.6%. That was well below the 7.1% growth from the year-earlier quarter. However, the slowdown was mostly in the U.K. The U.K. franchisor, Domino’s Pizza Group plc, with…