Topic: Growth Stocks

Stock Pickers Digest Hotline – Friday, October 17, 2014

Article Excerpt

DOMINO’S PIZZA INC., $84.84, symbol DPZ on New York, shot up over 12% this week after reporting strong quarterly results. The company operates the world’s largest chain of pizza stores that offer takeout and delivery. It has 10,900 outlets in the U.S. and over 70 other countries. Franchisees run most of them. In the three months ended September 7, 2014, the company’s earnings per share jumped 18.9%, to $0.63 from $0.53 a year earlier, beating the consensus estimate of $0.61. Sales gained 10.5%, to $446.6 million from $404.1 million. Same-store sales rose 7.1% internationally—but more important, same-store sales rose 7.7% in the U.S., home to most of the company’s stores. Overall U.S. sales rose 9.8%, to $384.3 million from $350.1 million, while international sales gained 15.3%, to $62.2 million from $54.0 million. The company continues to boost its sales by aggressively promoting deals, like two pizzas for $5.99 each, and new menu items, such as breaded chicken bites with pizza toppings. It’s also profiting…