Domino’s Pizza (NYSE: DPZ) posted revenues of $1.07 billion in the third quarter, up 7.1% year-over-year, in line with Street estimates. Diluted earnings for the pizza chain came in at $2.79 per share, a drop of 13.9% year-over-year and falling short of analysts’ estimates of $2.97.
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Meanwhile, while same-store sales at Domino’s in the U.S. were up 2% year-over-year, same-store sales internationally declined 1.8% year-over-year, excluding the impact of currency fluctuations.
Moreover, at the end of Q3, Domino’s also sold 114 of its company-owned stores in Arizona and Utah to certain of its franchisees for $41.1 million
Is Domino’s Stock a Buy?
Analysts are cautiously optimistic about DPZ with a Moderate Buy consensus rating based on nine Buys, eight Holds, and two Sells.
The average price forecast for DPZ stock is $389.12 implying an upside potential of 28.9% at current levels.
