Domino’s Pizza beats Street 1Q forecasts
Domino’s Pizza Inc. (DPZ) on Thursday reported first-quarter profit of $62.5 million.
On a per-share basis, the Ann Arbor, Michigan-based company said it had net income of $1.26.
The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.16 per share.
The pizza chain posted revenue of $624.2 million in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $611.7 million.
Domino’s Pizza shares have climbed 14 percent since the beginning of the year. The stock has risen 35 percent in the last 12 months.