2024-02-23 02:42:05 ET
Summary
- Domino's Pizza stock has risen 23% in the past year, supported by earnings growth, even as revenue has declined for the first nine months of its fiscal year.
- While Q4 2023 can see a pickup in revenue growth, the full-year figure is still expected to disappoint. Profits, however, look good with double-digit rise seen.
- 2024 could be a better one for revenues, though it's hard to see significant margin expansion from here. As a result, the forward P/E indicates a limited price upside for now.
The world's biggest pizza company, Domino's Pizza (DPZ), has performed well in the stock markets in the past year, with its 23% price rise. This increase has been supported by earnings growth and consistent earnings surprises each quarter over the past year (see chart below), even as it disappointed on revenues....
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Domino's Pizza: Wait For The Results Before Buying