Domino’s earnings beat estimates by $0.08 on strong international sales. The pizza chain said earnings were $0.42 EPS and revenue rose over 2% to $389.2 million versus Thomson Reuters consensus estimates of $0.34 EPS and $380.6 million in revenues.
Domestic same store sales were down 1.4% in quarter, which the company noted was a tough comparable sales period because the first quarter of 2010 saw a whopping 14.3% gain. Global same store sales rose by 8.2% for the first quarter, but that would have been a gain of 6.2% if you eliminate the benefits from currency fluctuations. It seems that a new customer base was established and has resulted in strong two-year sales growth.
Domino’s spent about $5.8 million to repurchase and retire 357,605 shares of its common stock in the first quarter for an average price of $16.31 per share. It has used approximately 54% of the total $200 million authorized amount and can spend approximately $91.5 million remaining under its buyback plan.
The total cash and cash came to $92.6 million, with an additional $84.8 million in restricted cash for a total of $177.4 million in its liquidity. Its debt was static at $1.45 billion. While spending $5 million per quarter won’t take down much debt, we would rather see Domino’s use bring down its debt level rather than spending cash to buy back stock.
Domestic same store sales were down 1.4% in quarter, which the company noted was a tough comparable sales period because the first quarter of 2010 saw a whopping 14.3% gain. Global same store sales rose by 8.2% for the first quarter, but that would have been a gain of 6.2% if you eliminate the benefits from currency fluctuations. It seems that a new customer base was established and has resulted in strong two-year sales growth.
Domino’s spent about $5.8 million to repurchase and retire 357,605 shares of its common stock in the first quarter for an average price of $16.31 per share. It has used approximately 54% of the total $200 million authorized amount and can spend approximately $91.5 million remaining under its buyback plan.
The total cash and cash came to $92.6 million, with an additional $84.8 million in restricted cash for a total of $177.4 million in its liquidity. Its debt was static at $1.45 billion. While spending $5 million per quarter won’t take down much debt, we would rather see Domino’s use bring down its debt level rather than spending cash to buy back stock.
Quand DPZ va fermer son gap up...il va être pas mal intéressant...
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