Domino’s beats profit, US sales expectations

Domino’s Pizza beat quarterly profit and US same-store sales expectations on Tuesday, fueled by promotions and new menu items.

Consumers, tightening budgets amid inflation, favored value deals like the revived $9.99 pizza and parmesan-stuffed-crust pizzas.

US same-store sales rose 5.2%, exceeding the expected 4.0%, while international sales grew 1.7%, slightly missing forecasts.

Earnings per share came in at $4.08, surpassing analyst estimates of $3.97.

CEO Russell Weiner said franchisee profitability is expected to improve, unlike some chains that rely on deep discounts.

Partnerships with DoorDash and rewards program deals also helped attract more customers.

Domino’s is also rolling out its first major makeover in 13 years.