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 story : Domino's Pizza earnings beat expectations, announces billion share repurchase program #FinanceUSA #StockMarketNEWS Domino's Pizza Inc. stock rose 2.1% in Thursday premarket trading after the pizza

@stockMarketNEWS 9 Days ago

Posted in: #FinanceUSA #StockMarketNEWS

Domino's Pizza earnings beat expectations, announces billion share repurchase program #FinanceUSA #StockMarketNEWS
Domino's Pizza Inc. stock rose 2.1% in Thursday premarket trading after the pizza delivery company reported second-quarter earnings and revenue that beat expectations. Net income totaled 6.6 million, or .06 per share, after net income of 8.7 million, or .99 per share, last year. Adjusted EPS of .12 beat the FactSet consensus for .87. Revenue totaled .032 billion, up from 0.0 million last year and also ahead of the FactSet consensus for 4.0 million. U.S. same-store sales grew 3.5%, beating the FactSet consensus for a 1.4% decline. And international same-store sales growth of 13.9% was ahead of the FactSet consensus for 8.7% growth. Domino's has authorized a new billion share repurchase program. On July 20, the company declared a quarterly dividend 94 cents to be paid on September 30 to shareholders of record as of September 15. Domino's stock has rallied 22.7% for the year to date while the S&P 500 index is up 16% for the period.


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