![]() ![]() JULIE HYMAN: Maybe we'll talk a little more favorite pizza as well. Our Brooke DiPalma is going to be listening in to the conference call for Domino's, and she's going to bring us an update with some color from that call. I'm just looking at the S&P super composite restaurant index, which is up 14%, so it has underperformed its peers. The stock is nah this year, it's up about 11%. JULIE HYMAN: Yeah, we talked to Peter Saleh last week, of BTIG, who said it's one of his top picks. As of right now, the company has about 253 gross store openings within this most recent quarter that it mentioned, and then 56 closures during the second quarter of 2023 as well. The company has a strong track record of delivering high-quality. But then you think about the other consumer in the franchisee right now, and is there any wavering within that. Dominos Pizza ( NYSE: DPZ) has been a great long-term investment due to its consistent revenue growth over the years. ![]() And then in recent weeks made a move to get onto one of the third party delivery apps, recognizing that, hey, we can't just go it alone at this point, and we need that assistance, or at least where the finger click traffic is going towards, and the ordering of that pizza process too. ![]() Of course, this one of the companies that have been more digitally-minded. It's always been interesting to see where companies like Domino's, are not only having continued relation with their end consumer, which has had a different type of engagement with a company like Domino's, far from the days of just calling up the local pizza chain, or the local Domino's in your area, and ordering that way. International, that actually grew, that 3.6% there. Though it did miss on the top line with revenue at just over $1 billion, the pizza chain earning $3.08 a share in the period, that's just ahead of expectations, although it did have a year-over-year decline in m as well as missing that estimates, revenue falling by about 3.8%.īRAD SMITH: Yeah same store sales really only growing about a tenth of during the second quarter of the year. JULIE HYMAN: We want to get a quick check on Domino's, which is getting a boost in early trading after beating the street with second quarter earnings. Yahoo Finance Live breaks down the numbers. The pizza chain missed on the top line, reporting a 3.8% decline in revenue. Shares of Domino's Pizza are on the rise after reporting mixed second quarter results. The upgraded 79 Relative Strength Rating means Domino's stock beat 79 of all stocks for price appreciation over the past year. ![]()
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