Shares of global pizza behemoth Domino’s Pizza (NYSE:DPZ) are rising higher today after the company posted healthy first-quarter numbers.
Revenue rose 1% year-over-year to $1.02 billion and was largely in line with estimates. EPS at $2.93 comfortably wafted past expectations by $0.21. During the quarter, global retail sales rose 5.9%. Further, while U.S. same-store sales rose 3.6%, international same-store sales rose 1.2% in Q1.
Looking ahead, for the year 2023, Domino’s expects capital expenditures to range between $90 million and $100 million. Market-based pricing changes are anticipated between 3% and 5%.
Overall, the Street has a $341.57 consensus price target on Domino’s implying the stock may be fairly priced at current levels. That’s after a 6% gain in the share price over the past month.
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