Domino's (NYSE: DPZ) recently reported low single-digit sales growth and falling earnings for the fiscal second quarter, which runs through late June. And yet the pizza delivery leader's stock hit a new high following that report.
The share surge reflects the fact that Domino's second-quarter momentum held up even when compared to a year ago, when demand was soaring during the initial phases of the pandemic. And CEO Ritch Allison and his team are as bullish as ever about the chain's potential to dramatically expand its sales base over time.
Let's look at a few of their comments from the recent call with investors that show why Domino's is still an attractive stock despite its rally over the past year.
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3 Quotes That Show Why Domino's Is Still a Buy