Domino's Profit And Sales Rise, But Miss Expectations

Domino's Pizza Inc. reported a third-quarter profit that rose to $37.8 million, or 67 cents a share, from $35.6 million, or 63 cents a share, but missed the FactSet consensus for earnings per share of 74 cents. Revenue rose 8.5% to $484.7 million, but came in below the FactSet consensus of $487 million. Domestic same-store sales climbed 10.5%, matching the FactSet consensus, while international same-store sales growth of 7.7% topped expectations of a 7.6% increase. "We are pleased with the sustained strong sales and continued momentum behind store growth," said Chief Executive J. Patrick Doyle. "The things we are doing are working, and we will continue to aggressively lead the industry." The stock, which was indicated lower in light premarket trade, has climbed 15% year to date through Wednesday, while the S&P 500 has lost 3.1%.

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