Tuesday October 14, 2025, 10:06:27
DPZ (Post-Call): Mmm… a Tasty Q3 Earnings Beat
Earlier today, Domino’s reported third-quarter EPS of $4.08. This was above our $4.00 estimate and sell-side consensus (according to Consensus Metrix) of $3.96.
Monday July 21, 2025, 09:59:33
DPZ (Post-Call): Apple-to-Apples Q2 EPS Slices Past Consensus
Earlier today, Domino’s reported Q2 EPS of $3.81. This was below our $3.90 estimate and sell-side consensus (according to Consensus Metrix) of $3.95. But importantly, after taking out three factors: (1) the adverse impact of Domino’s minority ownership in DPC Dash (Domino’s China; 1405.HK; Not Rated) and that stock’s -8.3% decline during Domino’s Q1, (2) a refranchising gain related to 36 stores in Maryland, and (3) a modestly higher-than-forecasted tax rate, Q2 EPS on an apples-to-apples basis would have been about +19 cents better than consensus, by our math.
Monday April 28, 2025, 12:09:49
DPZ (Post-Call): Apple-to-Apples Q1 EPS Falls Short of Consensus
Earlier today (Monday), Domino’s reported that its first-quarter EPS amounted to $4.33. This was above our $3.95 estimate and sell-side consensus (according to Consensus Metrix) of $4.06. But importantly, in its 10-Q out this morning, Domino’s indicates that it “recorded a positive adjustment to the carrying amount of its investment in DPC Dash [Domino’s China; 1405.HK; Not Rated] of $24.0 million in the first quarter of 2025, with the gain recorded in other income in its condensed consolidated statements of income.” Shares of DPC Dash rose by +29.2% over the course of Domino’s Q1. By our math, we calculate that this added roughly +54 cents to Domino’s Q1 EPS, in line with our expectations. Thus, Q1 EPS excluding this factor may have been more like $3.79. Please note that this DPC Dash-related EPS help was not included in our $3.95 Q1E EPS estimate, nor in the $4.06 consensus figure.