Domino’s Pizza Reports Q2 EPS Miss, Revenue Beats

Domino’s Pizza, Inc. (NYSE:DPZ) reported its Q2 results, with EPS coming in at $2.82, worse than the Street estimate of $2.90. Revenue came in at $1.07 billion, slightly above the Street estimate of $1.05 billion.
RBC Capital analysts see reasons for improving trends in the second half of the year (e.g., additional boost week later this summer, labor market pressures easing, the potential for further pricing) and, as a result, expect improving domestic comps against easing comparisons.
The analysts modestly adjusted their 2022 EPS estimates to $12.74 from $12.72. As a result, their price target on the company’s shares moved slightly to $460 from $458. Their outperform rating was kept unchanged.

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