UPDATE: Domino's Pizza Q2 Profit Beats Street View

Domino's Pizza

reported a better-than-expected second-quarter profit. Domino's sales at stores open at least a year climbed 5.4% in the US and 7.7% internationally. Domino's posted a quarterly profit of $38.5 million, or $0.67 per share, versus a year-ago profit of $33.3 million, or $0.57 per share. Its revenue climbed 8.8% to $450.5 million. However, analysts were expecting earnings of $0.66 per share on revenue of $442.1 million. Domino's increased its store count by a net 133 stores to 11,121 in the quarter. Its overall operating margin shrank to 29.9% versus 30.4% in the year-ago period. Its product costs rose 9.7% to $315.8 million. J. Patrick Doyle, Domino's President and Chief Executive Officer, said: "The first half of 2014 has proven to be yet another positive story for our global brand and hardworking franchisees. We are performing well in the U.S. and international markets by driving sales and building stores around the world. We also opened our 11,000th store this quarter, an important milestone for a growing brand." Domino's shares gained 2.19% to $75.00 in pre-market trading.