Domino’s Pizza Inc. (Development zone) Reported on Thursday that it exceeded its second-quarter profit forecast due to high demand for pizza, new menu items and rising menu prices.
As of 12:59 US Eastern Time on Thursday, Domino’s stock price was 534.53 US dollars, an increase of 64.16 US dollars or 13.64%.
Domino’s US same-store sales increased 3.5%. The Michigan-based company’s net sales increased 12.2% to 1.03 billion U.S. dollars, exceeding expectations of 972.3 million U.S. dollars.
“You often ask us whether sales growth in a fully open market will be weaker. The opposite trend appeared in the second quarter. We saw a higher level of sales growth in the COVID-related market in the second quarter.” Executive Officer Rich Allison said on the earnings call.
.@Domino _The revenue of 1.03 billion US dollars exceeded its second-quarter forecast and was 6.7% higher than expected.
Analysts expect that sales will decline due to the reopening of __ #pizza without crashing.$DPZ The new ATH that soared to $526, an increase of 10%! _ pic.twitter.com/dmooia2Ejy
— Delta Investment Tracker (@get_delta) July 22, 2021
international sales Exceeded expectations because countries such as the UK and India rely heavily on online ordering.
As more and more consumers order takeaway, Domino has benefited from the pandemic. It also introduced non-contact pickup and delivery, and shortened the delivery time.
The company continued to work hard to keep up with the momentum and opened 238 new stores.
Allison said that Domino’s will be able to increase salaries in certain markets and positions.
