Investors Cheer Domino's Q2 Bottom-Line Beat

Domino's Pizza, Inc. DPZ reported stronger-than-expected earnings for the second quarter on Thursday. The Ann Arbor, Michigan-based company reported quarterly net income of $45.9 million, or $0.81 per share, up from $38.5 million, or $0.67 per share, in the year-ago quarter. Its adjusted earnings came in at $0.81 per share in the latest quarter. Its sales climbed to $488.6 milion from $450.5 million. However, analysts were expecting a profit of $0.79 per share on revenue of $489.16 million. The average estimate among 17 Estimize users was for earnings of $0.80 per share and revenue of $494.25 million. Domestic same store sales surged 12.8% during the quarter, while same store sales for the international division climbed 6.7 percent. During the quarter, Domino's repurchased 637,587 shares of its common stock for around $68.1 million. The company's board declared a quarterly dividend of $0.31 per share. As of June 14, 2015, Domino's had around $25.9 million of unrestricted cash and cash equivalents, and $1.53 billion in total debt. J. Patrick Doyle, Domino's President and Chief Executive Officer, said, "It was simply another great quarter. Our franchisees and corporate team members are executing at a very high level, and our digital initiatives continue to help attract more customers around the world. We're in a great place as a brand." Domino's shares fell 0.21 percent to close at $118.54 yesterday.