NASDAQ$DPZ

Domino's Pizza Inc · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

Domino's financial performance demonstrated resilience with global retail sales growth and U.S. same store sales growth, driven by the 'Hungry for MORE' strategy.

Domino's Pizza, Inc. announced its Q3 2024 results, showcasing a global retail sales growth of 5.1% (excluding foreign currency impact) and U.S. same store sales growth of 3.0%. The company's international business is on track for its 31st consecutive year of same store sales growth. Total revenues increased by 5.1% to $1,080.1 million, and diluted EPS was $4.19.

  • Global retail sales growth (excluding foreign currency impact) reached 5.1%.
  • U.S. same store sales grew by 3.0%.
  • International same store sales increased by 0.8% (excluding foreign currency impact).
  • The company is focusing on its 'Renowned Value' pillar to drive market share growth.

Headline financials

Total Revenue

$1.08B

Previous: $1.03B+5.1%
EPS

$4.19

Previous: $4.18+0.2%
U.S. Retail Sales Growth ex-FX

5.1%

No prior period
International Retail Sales Growth ex-FX

5.1%

No prior period
U.S. Company-Owned SSS Growth

3.1%

Previous: 2.9%+6.9%
U.S. Franchise SSS Growth

3.0%

Previous: -0.7%+528.6%
U.S. SSS Growth

3.0%

Previous: -0.6%+600.0%
International SSS Growth

0.8%

Previous: 3.3%-75.8%
Capital Expenditures

-$70.8M

Previous: -$59.3M-19.5%
Free Cash Flow

$76.1M

Previous: $88.4M-13.9%
Net Income

$147M

Previous: $148M-0.5%
Operating Income

$199M

Previous: $189M+5.0%
Gross Profit

$424M

Previous: $398M+6.4%
Cash & Equivalents

$189M

Previous: $80.9M+133.8%
Total Assets

$1.78B

Previous: $1.62B+9.6%
R&D Expense

$0.00

Previous: $0.00

Revenue & EPS history

Domino's · Revenue · Quarterly

$1.08B

Q3 2024+5.1%vs Q3 2023
Beat estimate in 4 of 15 quarters(27%)
ActualEstimate

Revenue by segment

Domino's · $1.03B total across 5 segments · Q3 2023

  • Supply Chain
    $618M-4.3%
  • U.S. Franchise Royalties & Fees
    $138M+7.3%
  • U.S. Franchise Advertising
    $112M-2.3%
  • U.S. Company-owned Stores
    $86.3M-23.2%
  • International Franchise Royalties
    $73.1M+9.1%

Forward guidance

The Company now expects the following given the challenging macroeconomic environment and its impact on current business trends across the globe: Approximately 6% annual global retail sales growth. Approximately 8% annual income from operations growth. Global net store growth of 800 to 850.

Tailwinds

  • Approximately 6% annual global retail sales growth.
  • Approximately 8% annual income from operations growth.
  • Global net store growth of 800 to 850.

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 Q3 2024

Historical avgQ3 2024

+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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