Domino's Pizza Inc (NYSE:DPZ) shares added almost 4% after the global pizza chain reported better-than-expected financial results for the third quarter, driven by growth in both US and international markets.
The company reported adjusted diluted earnings per share (EPS) of $4.08, surpassing analyst expectations of $3.96, though slightly down from $4.19 in the same period last year.
Total revenue increased 6.2% year-over-year to $1.15 billion, topping estimates of $1.14 billion.
Domino’s global retail sales rose 6.3%, with US same-store sales up 5.2% and international same-store sales up 1.7%, excluding foreign currency impact.
Operating income grew 12.2% to $223.2 million, while free cash flow rose 31.8%. Net cash flow from operations totaled $552.3 million.
The company also expanded its footprint, increasing total locations to 21,750 from 21,002 a year ago, including 29 net new US stores and 185 internationally.
Russell Weiner, Domino’s CEO, noted that in the US, the company’s Best Deal Ever promotion and stuffed crust pizza product innovation contributed to positive order counts.
“This resulted in another quarter of strong growth in both our delivery and carryout businesses,” Weiner said. “Seeing our strategy being executed at such a high level gives me the confidence that we will continue to win and take QSR pizza market share around the world in 2025 and beyond.”