Domino's Pizza outperformed analysts' expectations for U.S. same-store sales in the second quarter, with a rise of 3.4%. New menu items and strategic promotions attracted value-conscious consumers amid inflation and economic uncertainty. The growth in delivery and carry-out options contributed to market share gains. Despite challenges from fluctuating tariff policies and rising ingredient costs, online sales increased significantly, aided by partnerships with third-party delivery services like DoorDash. International sales also saw an uptick, contributing to a quarterly revenue of $1.15 billion.
In the U.S., both delivery and carry out grew, driving meaningful market share gains. Domino's posted a 3.4% rise in same-store sales, exceeding analysts' average estimate.
Domino's has a competitive advantage relative to peers in the sector from the discounts they offer that are difficult to match profitably.
The company's online sales grew, aided by discounts and its DoorDash partnership, which doubled third-party delivery sales to about 5%.
Momentum from third-party aggregators and discounts will help drive Domino's sales ahead of peers.
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