HomeIndustriesDomino's Pizza Beats Quarterly Estimates Amid Rebound in Demand

Domino’s Pizza Beats Quarterly Estimates Amid Rebound in Demand

Domino’s Pizza reported its financial results for the fourth quarter on Monday, beating Wall Street expectations. Same-store sales rose 2.8% over the quarter, beating the estimated 2.2% rise exhibited by LSEG data. Quarterly earnings per share stood at $4.48, beating an expected $4.38 from analysts.

The company has been highly focused on revamping its loyalty program, thus driving repeat sales, while also building its delivery partnership with Uber Eats, which has largely driven sales of Domino’s pizzas and chicken wings. The decision to revamp its loyalty program comes after the fast-food franchise looked to overcome a sales slowdown near the start of 2023.

Domino’s partnership with Uber Eats has proven to be an effective channel for growth, with the company quickly growing its customer base as a result. According to research firm M Science, Domino’s had already captured a 19% market share on Uber Eats in December.

Consumer Price Index Comes in Hotter in March

The US Bureau of Labor Statistics released the Consumer Price Index report for March, with inflation appearing to be back on the rise. The...

Futures Stall as Markets Await Fresh Inflation Data

Futures on the New York Stock Exchange remained stagnant during early trading on Monday as investors cautiously await inflation data to be released later...

Positive Jobs Report Lifts U.S. Stocks

Stocks listed on the New York Stock Exchange continued their recovery on Friday following the March jobs report from the US Bureau of Labor...