Domino’s Pizza, Inc. (NYSE: DPZ) reported a sharp increase in second-quarter earnings, which also topped analysts’ forecast. The company’s stock gained early Thursday following the announcement.
Net income was $118.7 million or $2.99 per share in the second quarter, compared to $92.4 million or $2.19 per share in the same period of last year.
Revenues moved up 13.4% annually to $920 million during the three-month period, aided by higher global retail sales resulting from U.S. same-store sales growth and an increase in store counts. The top-line also exceeded Wall Street’s prediction.
In a separate statement, the company said executive vice president and chief financial officer Jeffrey Lawrence has decided to retire, after more than two decades of service. Lawrence will continue serving as CFO until the management identifies his successor.
Most Popular
Does Unity Software (U) stock has more room to run?
Last month, the IPO market was in a full swing. IPOs of Snowflake (NYSE: SNOW) and JFROG (NASDAQ: FROG) had an impressive opening day in September, the former creating a
PepsiCo (PEP): Steady snacking habits amid pandemic drive strong quarter for beverage giant
PepsiCo Inc. (NASDAQ: PEP) beat market expectations on both revenue and earnings for the third quarter of 2020. The company saw the momentum continue in its snacks business while the
Does the virus-driven boom make Electronic Arts (EA) a good investment?
With more and more people turning to virtual entertainment sources, amid the virus-related movement restrictions, video game publishers like Electronic Arts (NASDAQ: EA) are witnessing unusually high demand. Not surprisingly,
