DPZ Adjusting Our Q3E Estimates Ahead of 10.8 Earnings Release

By Mark Kalinowski Published on September 30, 2020 at 12:00 AM

Domino’s (DPZ; Buy, $423.46) plans to report its third-quarter earnings before the market open on Thursday, October 8th. Ahead of this, we raise our Q3E same-store sales forecasts for the U.S. (by +100 basis points, to +15.0%; according to Consensus Metrix sell-side consensus is at +13.4%) and International (by +50 basis points, to +5.0%; consensus is at +2.1%).

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DPZ (Post-Call) Is +3% to +6% U.S. Same-Store Sales (Finally) the New Normal

By Mark Kalinowski Published on February 21, 2019 at 12:00 AM

Earlier today, Domino’s (DPZ; Buy) reported Q4 2018 EPS of $2.62, short of our $2.71 projection and sell-side consensus (according to Consensus Metrix) of $2.69. The tax rate in Q4 2018 was 17.0%, versus our 20.8% estimate and consensus of 20.8%. By our math, Q4 EPS would have been closer to $2.50 if the Q4 tax rate had been closer to our forecast/consensus. Restaurant-level margins at company-owned units were 23.1%, versus our 24.0% estimate. G&A/Revenues was 11.2% actual vs. our 10.8% projection.

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Tidbits re DPZ, CMG, and Subway

By Mark Kalinowski Published on February 3, 2019 at 12:00 AM

We briefly note the following tidbits regarding Domino’s (DPZ; Buy), Chipotle Mexican Grill (CMG; Not Rated), and privately-held Subway:

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