DOMINO’S PIZZA Announces Q2 FY2023 Earnings Results for Period Ending July 24, 2023

🌥️Earnings Overview

DOMINO’S PIZZA ($NYSE:DPZ) reported their earnings results for the second quarter of FY2023, ending on July 24, 2023. Despite a 3.8% decrease in total revenue to USD 1024.6 million from the same period in the prior year, net income rose 6.7% to USD 109.4 million.

Market Price

The stock opened at $400.0 and closed at $385.9, up by 0.1% from its prior closing price of $385.4. Domino’s Pizza also shared that it is committed to expanding its online ordering and digital delivery capabilities in order to meet evolving customer demands. Domino’s Pizza expects to achieve positive earnings growth for the full fiscal year 2023 and has already made significant progress in strengthening its balance sheet and returning value to shareholders. The company believes that the strong earnings results for the second quarter are a testament to its continued success in delivering great products and services to customers around the world. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Domino’s Pizza. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Domino’s Pizza. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Domino’s Pizza. More…

Key Ratios Snapshot

Some of the financial key ratios for Domino’s Pizza are shown below. More…

Analysis

GoodWhale has conducted an analysis on the fundamentals of DOMINO’S PIZZA and we have determined that this company has a high health score of 8/10 considering its cashflows, debt, and ability to pay off debt and fund future operations. We have also classified the company as a ‘cow’, which indicates that DOMINO’S PIZZA has a track record of paying out consistent and sustainable dividends. This classification may be of particular interest to investors who are looking to invest in a company that produces steady returns. DOMINO’S PIZZA is strong in dividend and profitability, while having medium growth potential and weak asset holdings. As such, this company may be a good fit for an investor who is looking for a steady income with a combination of medium growth potential. More…

Peers

This paper will examine the competition between these four companies and the strategies they use to gain market share.

– Chipotle Mexican Grill Inc ($NYSE:CMG)

Chipotle Mexican Grill, Inc., together with its subsidiaries, operates Chipotle Mexican Grill restaurants. As of December 31, 2020, the company had 2,727 restaurants, including 2,658 Chipotle restaurants in the United States; 37 Chipotle restaurants in Canada; 24 Chipotle restaurants in the United Kingdom; and 8 Chipotle restaurants in France. It also operated 9 Pizzeria Locale restaurants. The company was founded in 1993 and is headquartered in Newport Beach, California.

– Yum Brands Inc ($NYSE:YUM)

Yum Brands Inc is a fast food company that owns Taco Bell, KFC, and Pizza Hut. Its market cap as of 2022 is 31.2 billion dollars and its ROE is -15.87%. The company has been struggling lately with same store sales declines and has been trying to turn things around by investing in digital ordering and delivery.

– Papa John’s International Inc ($NASDAQ:PZZA)

Papa John’s International Inc is a pizza chain with over 3,500 locations in over 45 US states and 35 countries. The company was founded in 1984 and is headquartered in Louisville, Kentucky. The company went public in 1993 and trades on the NASDAQ under the ticker symbol PZZA. Papa John’s has a market cap of $2.48 billion and a return on equity of -34.83%. The company has been struggling in recent years, with sales and profits declining. In 2020, the company announced it would be selling a minority stake to a private equity firm.

Summary

Investors in Domino’s Pizza have reason to be optimistic about the company’s financial performance. Despite a year-over-year decline in total revenue for the second quarter of FY2023, the company was able to report a 6.7% increase in net income. This figure was driven largely by cost cutting measures and better management of expenses. Moving forward, investors should take note of the company’s future plans to expand their distribution network and increase their market share, which will likely result in further growth.