Wednesday February 22, 2023, 07:00:00
By Mark Kalinowski
Overnight last night, large Domino’s master franchisee Domino’s Pizza Enterprises (DMP.AU; Not Rated) reported that its group same-store sales for the second half of calendar 2022 declined by -0.6%. In addition, this master franchisee’s same-store sales for the first six weeks of calendar 2023 were down by -2.2%. Domino’s Pizza Enterprises – the master franchisee for several markets, including Australia, New Zealand, Japan, France, and Germany – states that it anticipates its full-fiscal 2023 same-store sales will fall below the 3-5 year annualized target range of +3% to +6%, citing what it terms “tumultuous trading conditions.” For more info:
Read more
Thursday October 13, 2022, 12:19:57
By Mark Kalinowski
Earlier today, Domino’s reported Q3 EPS of $2.79, below our $3.05 forecast and sell-side consensus (according to Consensus Metrix) of $2.97. The Q3 tax rate was 23.8%, more onerous than our 19.5% estimate and consensus of 19.6%. We calculate that the difference between the Q3 actual tax rate and consensus cost Domino’s about -15 cents in Q3 EPS (in other words, excluding this tax-rate difference, Q3 EPS came in only -2 cents below consensus).
Read more
Sunday September 25, 2022, 12:27:43
By Mark Kalinowski
Back in mid-March 2022, Domino’s raised the price of its popular Delivery Mix & Match Deal to $6.99 (from $5.99). For both the Delivery Mix & Match Deal and the Carryout Mix & Match Deal, customers select two or more menu items from a set list. CNN noted back on March 1st that “Domino’s also is expanding the items available in the deal, including the addition of 32-piece parmesan bread bites, 6-piece wings and 3-piece chocolate lava cakes. Some of the other options currently on the menu are medium 2-topping pizza, bread twists, salads and marbled cookie brownies.”
Read more
