Domino’s Pizza: Q1 Earnings Snapshot
ANN ARBOR, Mich. (AP) _ Domino’s Pizza Inc. (DPZ) on Thursday reported first-quarter profit of $117.8 million.
The Ann Arbor, Michigan-based company said it had net income of $3 per share.
The results surpassed Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $2.94 per share.
The pizza chain posted revenue of $983.7 million in the period, also exceeding Street forecasts. Nine analysts surveyed by Zacks expected $978.6 million.
Domino’s Pizza shares have increased slightly more than 5% since the beginning of the year. The stock has increased 13% in the last 12 months.