Domino’s Pizza, Inc. (DPZ) Stock Heats Up on Earnings Beat


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Domino's Pizza, Inc. (NYSE: DPZ ) stock was up on Tuesday after the company released its earnings report for the third quarter of 2016.

Domino's, DPZ stock Domino's Pizza reported earnings per share of 96 cents for the third quarter of 2016. This is an increase over the earnings per share of 67 cents that it reported during the same time last year. It also came in above the earnings per share of 89 cents that Wall Street was looking for.

Domino's Pizza also reported revenue of $566.68 million in the third quarter of 2016. The pizza chain reported revenue of $484.70 million in the third quarter of 2015. Analysts' estimates for the quarter had revenue coming in at $542.38 million.

Net income reported by Domino's Pizza in the third quarter of 2016 was $47.20 million. This is a 24.8% increase over the $37.80 million in net income that it reported during the same time of 2015.

Domino's Pizza also saw its domestic same store sales growth increase by 13% from the year prior. International same store sales for the quarter were up 6.6%. This is excluding the impact of foreign currency.

Domino's Pizza also repurchased 412,260 shares of its common stock in the third quarter of 2016. It paid an average of $144.85 per share for a total repurchase of $59.7 million. It still has $165.5 million left to repurchase shares with at the close of the third quarter.

DPZ will pay a 38-cent per share dividend to investors on Dec. 30, 2016. This dividend will be payable to any investor that was on record as of Dec. 15, 2016

"We continued to execute at a very high level during the third quarter, as our unprecedented momentum, steady strategy and alignment with our outstanding franchisees is helping to take the business to new heights," J. Patrick Doyle, President and CEO of DPZ, said in a statment . "I couldn't be more pleased with the way our system continues to answer the challenge of sustained success."

DPZ stock was up 7% as of Tuesday morning.

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The post Domino's Pizza, Inc. (DPZ) Stock Heats Up on Earnings Beat appeared first on InvestorPlace .

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