Domino's Reports Profit of $22M


Domino's Pizza Inc, the second-largest U.S. pizza chain, on Tuesday reported quarterly profit that topped Wall Street's expectations as same-store sales increased in the United States and abroad.

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Net income grew to $26 million, or 44 cents per share, for the company's fiscal third-quarter, ended Sept. 9. Domino's posted a profit of $22.1 million, or 36 cents per share, a year earlier when the company had 5.4% more shares outstanding.

Excluding items related to writing off deferred financing fees and interest expense, the company earned 43 cents per share in the latest quarter. That was 2 cents better than analysts had expected, according to Thomson Reuters I/B/E/S.

Revenue rose to $378.1 million from $376.3 million.

Sales at stores open at least one year were up 3.3 percent in the United States and up 5% internationally.

Domino's competes with Yum Brands Inc's Pizza Hut chain and Papa John's International Inc.