Good quarter for Domino’s

Article Excerpt

DOMINO’S PIZZA $26.01 (New York symbol DPZ; TSINetwork Rating: Average)(734-930-3030; www.dominos.com; Shares outstanding: 60.8 million; Market cap: $1.6 billion; No dividends paid) reports that in the three months ended June 19, 2011, it earned $25.2 million, or $0.40 a share. That’s up 11.5% from $22.6 million, or $0.37 a share, a year earlier. Sales rose 6.2%, to $384.9 million from $362.4 million. Same-restaurant sales rose 4.5% in the U.S. and 7.4% internationally. The consensus estimates were for earnings of $0.36 a share on sales of $372 million. The company paid more for food ingredients, but that was offset by lower costs for labour, rent and interest. Domino’s continues to boost its sales by aggressively promoting its “New Inspired Pizza.” The company has changed its main pizza recipe by adding new tomato sauces and cheeses, as well as seasoned crust. Domino’s Pizza is still a buy. buy…