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Domino's Pizza Group PLC (LSE:DOM), the UK's master franchise, is relying on a strong pipeline of new stores, cheap lunches and an uptick in digital sales to achieve its targets for the year. Sales during the group's first quarter slipped by 0.5% compared to 2023's figures, with total orders dropping by 0.8%.
The Federal Reserve is not purposefully trying to crash the economy, but it might end up doing so anyway. Because out-of-hand government spending reignited inflation's rise, the Fed is no longer eager to cut sky-high interest rates.
Domino's Pizza Inc (NYSE:DPZ) shares rose after the pizza maker's first quarter earnings topped estimates as cost-conscious consumers were attracted to its low prices and promotional offerings. Shares of Domino's traded up 5.1% at about $524 in the early afternoon on Monday.
Domino's' (DPZ) fiscal first-quarter performance benefits from Hungry for MORE strategy and the updated Domino's Rewards loyalty program.
Wall Street to Start a Very Crucial Week.
Domino's first-quarter earnings report is in, and the pizza chain's U.S. sales outdid Wall Street analysts' expectations for the second quarter in a row. Quarterly net income is up 20% to $126 million from a year ago.
Domino's said its decision to relaunch its rewards program last year is paying off. The quick-service pizza chain released quarterly earnings results Monday (April 29) showing a 5.6% increase in U.S. sales, with management pointing to the rewards program as a driver of that growth.
Shares of Domino's Pizza (DPZ) rose over 3% in early trading Monday after the pizza delivery chain's first-quarter results soared past estimates as its loyalty program and a deal with Uber Eats (UBER) drove sales.
While the top- and bottom-line numbers for Domino's Pizza (DPZ) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Domino's (NYSE: DPZ ) stock is on the rise Monday as investors celebrate positive results from the company's Q1 2024 earnings report. That report starts with adjusted earnings per share of $3.58.