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Domino’s Pizza profit beats, shares jump

Domino’s Pizza profit beats, shares jump
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First Published: Tue, Jul 26 2011. 07 46 PM IST
Updated: Tue, Jul 26 2011. 07 46 PM IST
Los Angeles: Domino’s Pizza Inc reported quarterly profit that topped analysts’ expectations on strong sales at established restaurants, and shares jumped over 5%.
The pizza delivery chain said on Tuesday that second-quarter net income rose to $25.2 million, or 40 cents per share, compared with $22.6 million, or 37 cents per share, a year earlier.
Analysts, on average, were looking for a profit of 36 cents per share for the latest quarter, according to Thomson Reuters I/B/E/S.
Revenue rose to $384.9 million from $362.4 million. Sales at established restaurants were up 4.8% in the United States and up 7.4% internationally.
Shares were up 5.4%, or $1.32, to $27.47 in early trading on the New York Stock Exchange.
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First Published: Tue, Jul 26 2011. 07 46 PM IST