Domino's Pizza Inc (NYSE:DPZ) shares edged lower as the global fast casual chain reported mixed results for the second quarter.
Revenue of $1.15 billion was slightly ahead of the Wall Street consensus of $1.14 billion, and marked a 4.3% year-over-year increase.
Global retail sales growth was 5.6%, with US same store sales growth up 3.4% and international same store sales growth of 2.4%.
Earnings per share (EPS), however, fell short of expectations at $3.81, below estimates of $3.94.
During Q2, Domino’s saw net store growth of 178, including 30 net store opening in the US and 148 net store opens internationally.
“Internationally, we continued to grow despite macro challenges. In the US, both delivery and carryout grew, driving meaningful market share gains within the US pizza quick service restaurant category,” Domino’s CEO Russell Weiner said.
“With what we believe are best-in-class unit economics, the largest advertising budget, a robust supply chain, and a rewards program that is bigger than ever, our business is well-positioned.”
Domino’s shares traded down 0.8% at $462 shortly before midday in New York.