Domino's Pizza Inc. reports second-quarter profit increase of 19 percent
Domino’s Pizza Inc. reported its second-quarter profit rose 19 percent with the growth of sales in existing stores and the opening of 101 new locations outside of the U.S., according to Bloomberg Businessweek.
Melanie Maxwell | AnnArbor.com
In the period, which ended June 16, the Ann Arbor Township-based company earned $33.3 million — or 57 cents per share — which is up from last year.
According to a previous AnnArbor.com report, Domino’s had a net income of $28.1 million in the second quarter of 2012.
Bloomberg Businessweek reported revenue had climbed just more than 10 percent to $414 million from $376.1 million last year. Revenue from U.S. locations in operation for at least a year rose 6.7 percent, and overseas, locations open for at least a year grew 5.8 percent.
Stock for the company, which had a total of 10,440 locations at the quarter’s end, is up 46 percent this year, Bloombergreported.
Chelsea Hoedl is an intern reporter for AnnArbor.com. She can be reached at choedl@mlive.com.
Comments
barefootdave
Tue, Jul 23, 2013 : 9:56 p.m.
I like tasty food delivered to my door and supporting local business. As far as the stock prices good luck figuring that out.
John
Wed, Jul 24, 2013 : 1:02 p.m.
Tasty food? Surely you aren't ordering this garbage pizza and considering it tasty are you Mr Cesarini?
sayzme
Tue, Jul 23, 2013 : 6:42 p.m.
That's too bad. Their pizza tastes terrible and is really bad for you. So bad for you that David Cesarini, the owner of several local franchises (Plymouth Road, Jackson Road, South Main St.) doesn't want to put nutrition information in his store so customers can decide for themselves
barefootdave
Tue, Jul 23, 2013 : 10 p.m.
Enjoy your steamed veggies, hopefully they are not GMO.
RUKiddingMe
Tue, Jul 23, 2013 : 6:34 p.m.
Man, that's good news. I really thought that place was on the way out with that flood of gimmicks and advertsing lately. They tried so many different things so fast, it was kind of scary. That's all we need is another big business folding and reducing tax revenue for A2 *and U of M taking the property* (what's between the asterisks doesn't really need to be said ' it's kind of like the understood "you" in "go get the pie"). Terrible pizza, though.
EyeHeartA2
Tue, Jul 23, 2013 : 6:40 p.m.
You need to try the new recipies. It has been upgraded to merely "bad" or in some cases as high as "mediocre".
Linda Peck
Tue, Jul 23, 2013 : 5:39 p.m.
Well, financiers, I am not sure about why stocks go up, but Domino's has increased the quality and variety of their food offerings.
Craig Lounsbury
Tue, Jul 23, 2013 : 5:23 p.m.
Dominos stock has been rocketing up since David Brandon exited as CEO. It traded just under $9 the day he took the Michigan AD job. Although its getting hit today its in the $60 range. Its run up almost 700% since he left.
Kai Petainen
Tue, Jul 23, 2013 : 5:22 p.m.
earnings looked good to me, so i'm a bit surprised to see the stock down -5% today. I thought it was good news. perhaps... people were used to DPZ beating estimates by more than a penny, and they were used to them having an EPS that was closer to the high EPS estimates. and so the stock got hit...
Kai Petainen
Tue, Jul 23, 2013 : 5:45 p.m.
Craig... I voted you up. Excellent point. I actually thought that the NFLX EPS numbers were good... ... so I was surprised to see it trade down today. " I never trade stocks the day after earnings" The day after earnings can create knee-jerk reactions and volatility. Good point.
Craig Lounsbury
Tue, Jul 23, 2013 : 5:33 p.m.
there is no rhyme or reason to a stock price after earnings. I trade the market every day all day and I never trade stocks the day after earnings. Too unpredictable. Look at NFLX today. Opened down 10 points, ran up to yesterdays close then turned right around. GOOG on the 18th opened down 25 points then spent 2 days running back up.