NASDAQ$DPZ

Domino's Pizza Inc · Q2 2023 earnings

Q2 2023 earnings · · Investor relations

Briefing

Domino's reported mixed results for Q2 2023, with global retail sales growth driven by international performance offset by a decline in revenues due to lower supply chain revenues and U.S. Company-owned store revenues.

Domino's Pizza, Inc. announced its second quarter 2023 financial results, revealing a 5.8% global retail sales growth (excluding foreign currency impact). Despite this, total revenues decreased by 3.8% due to lower supply chain revenues and U.S. Company-owned store revenues. Diluted EPS increased by 9.2% to $3.08.

  • Global retail sales grew by 5.8% excluding foreign currency impact.
  • U.S. same store sales saw a slight increase of 0.1%.
  • International same store sales grew by 3.6% excluding foreign currency impact.
  • Diluted EPS increased by 9.2% to $3.08.

Headline financials

Total Revenue

$1.02B

Previous: $1.07B-3.8%
EPS (adj)

$3.08

Previous: $2.82+9.2%
Global Retail Sales Growth ex-FX

5.8%

Previous: 1.5%+286.7%
U.S. Retail Sales Growth ex-FX

1.7%

Previous: -0.6%+383.3%
International Retail Sales Growth ex-FX

10.1%

Previous: 3.7%+173.0%
U.S. SSS Growth

0.1%

Previous: -2.9%+103.4%
International SSS Growth

3.6%

Previous: -2.2%+263.6%
Capital Expenditures

-$38M

Previous: -$32.7M-16.3%
Free Cash Flow

$71.4M

Previous: $69.8M+2.2%
Net Income

$109M

Previous: $102M+6.7%
Operating Income

$195M

Previous: $178M+9.7%
Gross Profit

$405M

Previous: $386M+4.8%
Cash & Equivalents

$77M

Previous: $114M-32.6%
Total Assets

$1.6B

Previous: $1.67B-4.5%
R&D Expense

$0.00

Previous: $0.00

Revenue & EPS history

Domino's · Revenue · Quarterly

$1.02B

Q2 2023-3.8%vs Q2 2022
Beat estimate in 4 of 15 quarters(27%)
ActualEstimate

Revenue by segment

Domino's · $1.02B total across 5 segments · Q2 2023

  • Supply Chain
    $616M-4.8%
  • U.S. Franchise Royalties & Fees
    $139M+8.7%
  • U.S. Franchise Advertising
    $111M+0.3%
  • U.S. Company-owned Stores
    $87.7M-22.1%
  • International Franchise Royalties
    $70.5M+5.4%

Forward guidance

No specific forward guidance was provided in the press release.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2023

Historical avgQ2 2023

+0.8%

Avg return

Earnings day

-0.5%

Avg return

5 days after

-0.0%

Avg return

30 days after

55%

36 / 66 earnings

Positive

+25.2%

Q4 2019

Best reaction

-14.6%

Q4 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-8.8%-8.2%-15.2%
Q4 2025+5.0%+4.7%-5.7%
Q3 2025+4.0%+2.0%+0.1%
Q2 2025+1.1%-0.4%-2.5%
Q1 2025+0.6%-0.6%-0.9%
Q4 2024-1.5%+5.9%+1.0%
Q3 2024+4.0%+3.4%+11.3%
Q2 2024-14.6%-10.6%-6.4%
Q1 2024+6.1%+3.1%+2.2%
Q4 2023+2.9%+3.1%+13.5%
Q3 2023-2.0%-1.0%+6.9%
Q2 2023+3.0%+4.0%-0.7%
Q1 2023-6.4%-8.1%-11.6%
Q4 2022-14.6%-15.6%-10.6%
Q3 2022+5.2%+9.0%+21.5%
Q2 2022-2.8%-5.9%-1.4%
Q1 2022-9.4%-7.8%-1.9%
Q4 2021-2.1%-4.3%-5.8%
Q3 2021-4.5%-2.3%+7.8%
Q2 2021+11.7%+14.4%+8.3%
Q1 2021+4.6%+7.4%+5.7%
Q4 2020-5.0%-5.9%+2.0%
Q3 2020-9.3%-5.4%-7.2%
Q2 2020-5.7%-6.3%-3.6%
Q1 2020-4.3%-7.2%-3.0%
Q4 2019+25.2%+24.1%+1.0%
Q3 2019+2.5%+6.4%+16.7%
Q2 2019-6.3%-4.4%-13.7%
Q1 2019+2.3%-0.5%+4.6%
Q4 2018-6.4%-9.2%-14.1%
Q3 2018-1.9%-1.9%-4.9%
Q2 2018-2.3%-7.3%+0.5%
Q1 2018+6.4%+6.1%+7.2%
Q4 2017+4.4%+3.7%+2.6%
Q3 2017-7.8%-8.1%-17.2%
Q2 2017-12.9%-14.4%-14.3%
Q1 2017+0.2%+1.9%+14.4%
Q4 2016+1.1%+2.0%-0.7%
Q3 2016+8.6%+9.4%+6.3%
Q2 2016+8.7%+6.7%+7.6%
Q1 2016-9.5%
Q4 2015+14.3%
Q3 2015-2.5%
Q2 2015-7.2%
Q1 2015+14.2%
Q4 2014-0.5%
Q3 2014+10.5%
Q2 2014+2.8%
Q1 2014-1.9%
Q4 2013+4.0%
Q3 2013-3.2%
Q2 2013-4.1%
Q1 2013+3.2%
Q4 2012+3.1%
Q3 2012+7.7%
Q2 2012+4.3%
Q1 2012-11.5%
Q4 2011+14.7%
Q3 2011+11.3%
Q2 2011+3.9%
Q1 2011+14.3%
Q4 2010+0.4%
Q3 2010+6.6%
Q2 2010-3.4%
Q1 2010-11.1%
Q4 2009+10.4%

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