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Domino's Pizza Q2 EPS Rises 21%, Tops Estimations By $0.04

Domino's Pizza, Inc DPZ announced 7.3 percent increase in net income for the second quarter driven by 12 percent increase in revenues helped by higher volumes and store growth. Also, domestic and global same store witnessed a growth of 9.7 percent and 7.1 percent, respectively.

Domino's reported net income of $49.3 million, up from $45.9 million while earnings increased to $0.98 a share from $0.81 a share in the year-ago quarter. This was $0.04 a share higher than the Street analysts' expectations of $0.94 a share.

The chain's total revenues grew 12 percent to $547.23 million from $488.62 million in the previous year quarter and came in above the analysts' predictions of $534.09 million.

President and CEO, Patrick Doyle, commented: "I am pleased with our impressive top and bottom line results during the second quarter, and the performance of our franchisees in the U.S. and across the globe. The business continued to progress in a very positive direction."

Following the better-than-expected numbers, the stock traded $5.61 or 4.1 percent higher in the pre-market on Thursday.

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