|Bid||417.00 x 0|
|Ask||417.40 x 0|
|Day's range||412.80 - 422.00|
|52-week range||247.25 - 425.20|
|Beta (5Y monthly)||0.69|
|PE ratio (TTM)||47.39|
|Earnings date||03 Aug 2021|
|Forward dividend & yield||0.15 (3.79%)|
|Ex-dividend date||08 Apr 2021|
|1y target est||314.67|
Restaurant chain Domino's Pizza (NYSE: DPZ) reported second-quarter earnings results on July 22 and the stock soared following the release. In short, sales at restaurant locations that have been open for more than a year were up 3.5% in the U.S. and 13.9% internationally -- these are called same-store sales or comparable sales. Q2 marked the 41st and 110th consecutive quarter of U.S. same-store sales growth and international same-store sales growth, respectively, and this was on top of Domino's incredible sales growth in 2020.
Chowing down on the massive change in fast food trends triggered by the COVID-19 lockdowns, Papa John's International (NASDAQ: PZZA), Domino's (NYSE: DPZ), and other pizza chains rebounded faster than many restaurant-sector peers. The business model of pizza chains was already strongly aligned with takeout and delivery, greatly lessening the impact of dining room closures. With four consecutive quarters of sales increases higher than 10% to its credit, according to its first-quarter 2021 financial report, Papa John's appears to be experiencing the same tangent of growth as other pizza companies heading into 2021.
Shareholders of Domino's (NYSE: DPZ) were optimistic heading into its second-quarter earnings report. Sales growth held up through late June even as consumers flocked back to restaurants and ramped up their time spent away from home.