Tuesday June 22, 2021, 16:26:08

DPZ: Updating Our Same-Store Sales and EPS Projections

By Mark Kalinowski

With this report, we boost our Q2E same-store sales forecasts as follows: (1) for Domino’s U.S., up by +120 basis points, to -1.0% (according to Consensus Metrix, sell-side consensus is at -1.8% as of this writing), and (2) for Domino’s International, up by +200 basis points, to +12.0% (sell-side consensus is at +10.0% as of this writing).

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Thursday April 29, 2021, 13:14:00

DPZ (Post-Call): Among the Best 2-Year Numbers in the US Restaurant Industry

By Ryan D. Lavender

Earlier today, Domino’s reported Q1 EPS of $3.00. This was higher than our $2.95 forecast and sell-side consensus (according to Consensus Metrix) of $2.94. We attribute the EPS outperformance to better-than-expected same-store sales in both the U.S. and International business segments.

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Monday March 29, 2021, 16:06:00

DPZ: Updating our EPS and Same-Store Sales Forecasts

By Ryan D. Lavender

With this report, we increase our Q1E U.S. same-store sales forecast for Domino’s by +260 basis points, to +10.5%. As of this writing, sell-side consensus (according to Consensus Metrix) is at +9.4%. Our increased forecast represents factors including: (1) quick-service delivery specialists still seem to be more appreciated by consumers in general, (2) stimulus-related consumer spending in January and in March, and (3) the return of the March Madness college basketball tournament — generating TV ratings on par with 2019 levels, unlike many other major sports games/events — seems to be driving demand for pizza delivery.

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