This increase was mainly due to their new partnership with Uber Technologies. Over the past month, the company’s shares have risen by about 15% and by 28% over the last 30 days.
This is because they didn’t meet the expected earnings per share, even though they met revenue expectations. A Slice of Realityĭespite the positive news, Domino’s Pizza stock fell by nearly 4% after they announced their quarterly results. Despite these gains, the demand for Domino’s Pizza was lower than expected because of high menu prices and delivery charges. However, not everything was pepperoni and cheese. This new partnership and reduced costs led to a 2% increase in the company’s shares. This means that customers can now order Domino’s Pizza from the Uber Eats app. That’s a big jump from last year’s 36.3%!īut wait, there’s more! Domino’s also announced a partnership with Uber Eats.
They managed to lower their supply chain costs by nearly 6%, which helped them increase their gross margin to 39.5%. That’s good news for people who own Domino’s stock! Topping Expectationsĭomino’s Pizza did even better than Wall Street expected for its quarterly profit. Despite these closures, their earnings per share (EPS) increased by 9.2% to $3.08 compared to the same time last year.īut what does this all mean? Well, it shows that Domino’s is growing globally and making more money per share of stock. What’s more, they opened 197 new stores! But, they also had to close 56 stores during the same period. (NYSE: DPZ) recently shared its financial results for the second quarter of 2023 and is up 22% for the month! The company showed a growth of 5.8% in global retail sales and a slight growth of 0.1% in U.S.
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