Earnings Summary Dominos Pizza Inc Q3 2024 Financial Results
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Earnings Summary: Domino’s Pizza, Inc. Q3 2024 Financial Results
Domino’s Pizza, Inc. reported its financial results for the third quarter ended September 8, 2024.
Key Financial Metrics
Metric | Q3 2024 | Consensus Q3 Estimate |
---|---|---|
Total Revenue | $1.086 billion | $1.1 billion |
Interpretation
Domino’s Pizza reported revenues for Q3 2024 slightly below the consensus estimate of $1.1 billion. Specific year-over-year changes in revenue and earnings per share were not directly provided in the document.
Revenue Performance by Segment
While specific segment revenue data was not directly provided, the company noted robust performance in the supply chain and U.S. store operations, driven by order volume increases and adjustments in food basket pricing.
Key Developments or Operational Highlights
- Global Retail Sales : Increased by 5.1% excluding foreign currency changes.
- Same Store Sales : Increased 3.0% in the U.S. and 0.8% internationally.
- Net Store Growth : 72 new stores globally.
- Operational Efficiency : Successful implementation of strategic initiatives focusing on delivery and carryout enhancements.
Comments from Company Officers
The company's leadership emphasized growth in global sales driven by strategic operational improvements and strong performance in the U.S. and international markets. Initiatives in digital transactions and supply chain optimization were noted as key growth drivers.
Dividends or Share Repurchase Program
- A quarterly dividend of $1.51 per share was declared, with payment scheduled for December 27, 2024.
- Approximately 443,302 shares repurchased in Q3 under a $1.14 billion total authorization program, with $926.3 million remaining.
Forward Guidance
No specific forward guidance was mentioned in the provided document.
Stock Price Movement
- Following the earnings release, Domino’s Pizza’s stock experienced a decrease of approximately 2.48%.
This professional summary focuses on the most critical financial and operational aspects of Domino’s Q3 2024 performance based on the provided earnings release data.
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