DPZ - Domino's Pizza Serves Up A Tasty Q1 Surprise Setting The Table For A Profitable Year | Benzinga
Domino’s Pizza Inc (NYSE:DPZ) shares are trading higher after the company reported first-quarter FY24 sales growth of 6% year-on-year to $1.085 billion, beating the analyst consensus estimate of $1.079 billion.
The revenue increase was primarily due to higher supply chain revenues and U.S. franchise royalties and fees, as well as higher U.S. Company-owned store revenues.
The growth in supply chain revenues was attributable to higher order volumes, partially offset by a shift in the relative mix of the products sold by the company and a decrease in the food basket pricing to stores.
Global retail sales increased 7.3%, excluding the impact of foreign currency. Same-store ...