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Domino's Pizza Prepares to Report Third-Quarter Earnings as Growth Slows

NeutralMedium impact
DPZ$309.36 0.23%

Domino's Pizza, Inc. (NASDAQ:DPZ) is set to report its third-quarter financial results before the market opens on Tuesday. Wall Street expects quarterly revenue to grow 2.5% year over year, marking a slowdown from the 6.2% increase recorded in the same period last year. Analyst estimates for the pizza chain's revenue have largely remained steady over the past 30 days.

The upcoming report follows a mixed performance in the previous quarter, when the company generated $1.19 billion in revenue, up 4.3% year over year to top Wall Street predictions, while same-store sales met expectations. Domino's has missed revenue estimates multiple times over the past two years. Recent market pressures have impacted restaurant stocks as a whole, with the group dropping 3.1% on average over the last month and Domino's falling 4.7%.

Investors will be watching whether the restaurant chain can maintain sales trajectory despite economic pressures across the dining industry. Shares of Domino's are currently trading around $309.40, while analysts hold an average price target of $373.15 on the stock.

Key points

  • Domino's Pizza is scheduled to report its third-quarter earnings on Tuesday before the market opens.
  • Analysts expect revenue growth of 2.5% year over year, slowing from 6.2% growth in the prior-year period.
  • Wall Street revenue projections for Domino's have remained steady over the past month.
  • Domino's stock has dropped 4.7% over the past month, while holding an average analyst price target of $373.15.

Written by our AI from expert market sources across the web. It can contain mistakes: check the facts before acting on them. Write-ups powered by the free AI API at FreeTheAI.org

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Questions and answers

When does Domino's Pizza report third-quarter earnings?

Domino's Pizza will report its quarterly earnings results on Tuesday before the market opens.

What is Wall Street expecting for Domino's Q3 revenue?

Wall Street expects year-over-year revenue growth of 2.5% for the third quarter, compared to 6.2% growth in the same quarter last year.

What is the average analyst price target for Domino's stock?

Wall Street analysts have an average price target of $373.15 for Domino's Pizza stock.