![]() ![]() The company's shares were up over 970 during the period, compared to just 176 from the S&P. Price to income and cash flow Domino’s Pizza are considered overpriced and expensive. Domino's has been one of the best compounders in the past decade. The move was designed to alleviate a labor shortage plaguing the company. Its a good business at 360/share and 500/share, so you need to expand on how and why its mis-priced. The same-store sales rose just 1.8% in the quarter - well short of analyst expectations of 6.6%.Įarlier this year, Domino’s tried to drum up sales by offering customers a $3 “tip” as incentive to pick up their pizza rather than having it delivered. While sales soared during the early days of the pandemic, consumers started to move away from at-home deliveries as the mass vaccination drive led to the lifting of lockdown measures.ĭomino’s, like virtually all businesses in many sectors of the economy, has also had to raise prices due to “unprecedented increases” in the cost of food and other key ingredients.ĭomino’s international sales also did not meet key metrics. It has a market capitalisation of 1612.36m. The pizza chain, which has been beset by labor shortages, announced lower-than-expected earnings for fourth quarter of last fiscal year. Dominos Pizza Group Plc Ord 25/48p is listed on the London Stock Exchange trading with ticker code DOM.L. The company’s earnings suffered due to lower-than-anticipated same-store sales, which rose just 1% in the quarter, according to CNBC.Īnalysts were expecting same-store sales growth of 2.9%.ĭomino’s, like other companies, has had to deal with the fallout from disruptions in the labor market as well as falling demand. Net sales fell 1% to $1.34 billion - which was short of the $1.38 billion that analysts expected. 2.ĭomino’s generated a net income of $155.7 million, or $4.25 per share, up from $151.9 million a year earlier.īut the result falls short of analyst expectations of $4.28 earnings per share. The Ann Arbor, Michigan-based pizza chain reported disappointing results from the fourth quarter of last fiscal year that ended on Jan. I learned English from a Domino’s menu - now I run my own storeĬops delivered our pizza - after arresting deliveryman: shocked coupleĭomino’s Pizza is shaking up its leadership after the company announced that it failed to meet its earnings goals - prompting the share price to drop some 8% on Tuesday.ĭomino’s CEO Ritch Allison will retire effective May 1 and he will be replaced by COO Russell Weiner, the company announced on Tuesday. Domino’s customers can soon order pizzas on Uber Eats, Postmatesĭomino’s Pizza trials first-ever ‘Rocket Man’ delivery before Elton John show
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |