Thursday October 12, 2023, 09:46:12
By Mark Kalinowski
Earlier today, Domino’s reported Q3 EPS of $4.18. This was above our $3.20 estimate and sell-side consensus (according to Consensus Metrix) of $3.31. Importantly, the remeasurement of the value of Domino’s investment in DPC Dash (Domino’s China; 1405.HK; Not Rated) added +59 cents to EPS. Excluding this gain, Q3 EPS would have been about $3.59, still well above our estimate and consensus. FYI, we had estimated that the remeasurement would add about +63 cents to Domino’s Q3 EPS; for more info:
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Thursday September 21, 2023, 07:00:00
By Mark Kalinowski
Earlier this month, we published reports in which we examined McDonald’s and Yum Brands, and the effect various currencies can have on those companies’ quarterly EPS/operating income. Those reports are available at:
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Sunday September 10, 2023, 10:00:00
By Mark Kalinowski
In its second-quarter earnings release this past July 24th, Domino’s noted that for Q2 2023, its “increases in net income were partially offset by a $15.0 million pre-tax unrealized loss associated with the remeasurement of the Company’s investment in DPC Dash Ltd (‘DPC Dash’) which was recorded in other expense in the Company’s condensed consolidated statements of income…. the unrealized loss associated with the remeasurement of the Company’s investment in DPC Dash [was] $0.32” per share.
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