April 28 - Domino's Pizza (DPZ, Financial) stock slid about 2% in pre-market trading on Monday after first-quarter results, as the company beat on earnings but missed on revenue.
Domino's Pizza delivered Q1 EPS of $4.33, topping the $4.12 consensus. Revenue of $1.11 billion narrowly missed the $1.13 billion estimate, reflecting macroeconomic pressures on consumer spending.
Global retail sales climbed 4.7% to $4.46 billion, led by a 3.7% rise in international same-store sales versus the 1.9% forecast. Meanwhile, U.S. same-store sales dipped 0.5%, compared with the 0.2% gain analysts expected, highlighting uneven demand across markets.
Domino's credited part of the EPS increase to share repurchases completed over the past year. The board also approved a quarterly dividend of $1.74 per share, payable June 30 to holders of record June 13. As of March 23, $764.3 million remains on the buyback authorization.
Looking ahead, Management reaffirmed full-year guidance, emphasizing global expansion to navigate ongoing U.S. consumer caution.
