ANN ARBOR, Michigan — Domino's Pizza Inc. (DPZ) on Tuesday reported net income that increased by 16 percent in its second quarter, and topped analysts' expectations.
The Ann Arbor, Michigan-based company said earnings increased to $38.5 million, or 67 cents per share, from $33.3 million, or 57 cents per share, in the same quarter a year earlier. The average per-share estimate of analysts surveyed by Zacks Investment Research was for earnings of 65 cents.
The pizza chain said revenue climbed 8.8 percent to $450.5 million from $414 million in the same quarter a year ago, and beat Wall Street forecasts. Analysts expected $439.2 million, according to Zacks.
Domino's Pizza shares have climbed $3.74, or 5.4 percent, to $73.39 since the beginning of the year. The stock has risen $9.78, or 15 percent, in the last 12 months.
Keywords:Domino's Pizza,Earnings Report