Domino’s Pizza (NYSE:DPZ) shares gained more than 4% intra-day today following the release of their Q2 results. In this quarter, the company reported an EPS of $3.08 on revenue of $1.03 billion, compared to the Street estimates of $3.06 on revenue of $1.07 billion.
The Q2 results revealed a 3.8% decrease in overall sales compared to the previous year. However, there was a modest 0.1% year-over-year growth in comparable sales, falling short of the expected 0.8% growth. While domestic sales saw a slight decline of 0.1%, international comparable sales saw a positive increase of 3.6%.
Russell Weiner, the CEO of Domino’s, addressed the challenges by stating that the company is actively working on revitalizing its delivery growth in the U.S. He emphasized his commitment to enhancing service, increasing staffing, and driving value and innovation, which they believe will ultimately lead to higher order counts in this crucial aspect of their business.