Saturday, March 25, 2023
  • About
  • Privacy Policy
  • Editorial Principles
  • Why to trust us
  • Contact
Scoop Nova
  • Home
  • Business
  • Technology
  • Scandals
  • Politics
Scoop Nova
  • Home
  • Business
  • Technology
  • Scandals
  • Politics
No Result
View All Result
Scoop Nova
Home Business

Domino’s Pizza (DPZ) and Papa John’s (PZZA) report earnings

admin by admin
February 24, 2023
in Business
0
Domino’s Pizza (DPZ) and Papa John’s (PZZA) report earnings
587
SHARES
3.3k
VIEWS
Share on FacebookShare on Twitter

Read Eagle via Medianews Group/Getty Images | Media News Group | Getty Images

domino pizza and papa johns Both fell in pre-market trading after reporting mixed gains on Thursday morning.

Domino’s missed analyst estimates for US same-store sales and total earnings for the quarter. Domino’s also lowered its outlook. Papa John’s sales fell short of expectations in North America.

Domino’s stock fell more than 11%, while Papa John’s stock fell 6%.

Both pizza companies recently raised prices to offset rising food, transportation and labor costs. Domino’s reports that demand is teetering amid a nationwide driver shortage. Last October, a Domino executive announced the factory would raise prices by about 7% in the fourth quarter, including jumping the Mix & Match deal from his $5.99 to $6.99.

Here’s Domino’s performance compared to analyst estimates, according to Refinitiv.

  • Revenue: $1.39 billion vs. $1.44 billion forecast
  • Adjusted earnings per share: $3.97 vs. $3.94 expected

The Michigan-based company said U.S. same-store sales increased 0.9%, well below analyst estimates of 3.4%, according to estimates compiled by StreetAccount. This was his 0.8% decline in fiscal 2022.

U.S. company-operated store revenue of $117 million fell short of StreetAcount’s estimate of $129.3 million.

The company has lowered its two- to three-year sales guidance from 6% to 10% growth to a range of 4% to 8%, citing macroeconomic headwinds weighing on its domestic shipping business.

Revenue in Q4 2022 increased by 3.6% compared to the same period last year. This indicates that revenues for his chain of supply have increased as a result of higher market prices for his baskets to stores.

This month, Domino’s Pizza launched potato tots packed with three flavors.

“In 2022, there was a lot of pressure on the US shipping business, and we focused on creating solutions,” said Russell Weiner, CEO. “We also continued the momentum in our carry business in the US and achieved significant growth in our international stores.”

Papa John’s pizza delivery bike parked outside its London branch.

Dinendra Harria | SOPA Images | Lightrocket | Getty Images

Papa John’s fourth quarter results beat Wall Street’s expectations. Total revenue fell less than 1% from the company’s record fourth quarter last year. Without the strategic re-franchising of dozens of restaurants, revenue would have increased by 3%.

According to Refinitiv, compared to analyst estimates, Papa Johns:

You might also like

Ex-Morgan Stanley advisor charged in alleged NBA fraud

GameStop (GME) Q4 2022 earnings

Organized crime is plaguing retailers, spurring debate

  • Revenue: $526.2 million vs. $523.8 million forecast
  • Adjusted earnings per share: $0.71 vs $0.66 expected

The Louisville-based company underperformed estimates for its North American company-owned restaurant sales, reporting $172.2 million in revenue and an expected $172.7 million, according to estimates compiled by StreetAccount. Did. Comparable sales in North America increased him 1% year over year.

The company expects comparable sales in North America to grow between 2% and 4% annually, executives said. They added that they expect growth in 2023 to be at the lower end of that range.

Both Domino’s and Papa John’s earnings are McDonald’s and Hmmm!brandboth exceeded quarterly earnings and earnings estimates for the quarter.

Tags: Bulletin: BusinessBusiness newsDomino's Pizza Co.DominosDPZearningsHmmm!brands inkJohnsLtd.McDonald's Co.PapaPapa John's InternationalPizzaPZZAreportrestaurantwork
Previous Post

Nvidia's A100 is the $10,000 chip powering the race for A.I.

Next Post

12 Democratic-led states challenge restrictions on abortion pill

admin

admin

Related Posts

Ex-Morgan Stanley advisor charged in alleged NBA fraud
Business

Ex-Morgan Stanley advisor charged in alleged NBA fraud

by admin
March 24, 2023
GameStop (GME) Q4 2022 earnings
Business

GameStop (GME) Q4 2022 earnings

by admin
March 22, 2023
Organized crime is plaguing retailers, spurring debate
Business

Organized crime is plaguing retailers, spurring debate

by admin
March 20, 2023
FedEx (FDX) earnings Q3 2023
Business

FedEx (FDX) earnings Q3 2023

by admin
March 18, 2023
Virgin Orbit pauses operations, furloughs staff as it seeks funding
Business

Virgin Orbit pauses operations, furloughs staff as it seeks funding

by admin
March 16, 2023
Next Post
12 Democratic-led states challenge restrictions on abortion pill

12 Democratic-led states challenge restrictions on abortion pill

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

California state bar moves to disbar Trump ally John Eastman

California state bar moves to disbar Trump ally John Eastman

January 27, 2023
Elon Musk attorneys aim to move trial from California to Texas, citing ‘local negativity’

Elon Musk attorneys aim to move trial from California to Texas, citing ‘local negativity’

January 9, 2023

Categories

  • Business
  • Politics
  • Technology

Don't miss it

Ex-Morgan Stanley advisor charged in alleged NBA fraud
Business

Ex-Morgan Stanley advisor charged in alleged NBA fraud

March 24, 2023
Crypto firms slam SEC, Washington for lack of clarity on rules
Technology

Crypto firms slam SEC, Washington for lack of clarity on rules

March 24, 2023
New Jersey deli fraud defendant renounced U.S. citizenship
Politics

New Jersey deli fraud defendant renounced U.S. citizenship

March 24, 2023
GameStop (GME) Q4 2022 earnings
Business

GameStop (GME) Q4 2022 earnings

March 22, 2023
Crypto firms look to Swiss lenders after Silvergate, Signature Bank fail
Technology

Crypto firms look to Swiss lenders after Silvergate, Signature Bank fail

March 22, 2023
Organized crime is plaguing retailers, spurring debate
Business

Organized crime is plaguing retailers, spurring debate

March 20, 2023
Scoop Nova

Scoop Nova is the only worldwide news organization with a European perspective, and it’s where the rest of the world goes to hear what the World has to say.

Categories

  • Business
  • Technology
  • Scandals
  • Politics

Quick Links

  • About Scoop Nova
  • Contact us
  • Editorial Principles
  • Why to trust us
  • Privacy Policy
  • Sitemap

Recent News

Ex-Morgan Stanley advisor charged in alleged NBA fraud

Ex-Morgan Stanley advisor charged in alleged NBA fraud

March 24, 2023
Crypto firms slam SEC, Washington for lack of clarity on rules

Crypto firms slam SEC, Washington for lack of clarity on rules

March 24, 2023

© Copyright 2022 ! All rights are reserved by scoopnova.com

  • Home
  • Business
  • Technology
  • Scandals
  • Politics

© Copyright 2022 ! All rights are reserved by scoopnova.com