Topic: How To Invest

Power Growth Investor Hotline – Friday, October 11, 2024

Article Excerpt

DOMINO’S PIZZA INC., $429.67, remains a buy. Through their shares, investors gain exposure to the world’s largest chain of pizza stores offering takeout and delivery. The company (symbol DPZ on New York) operates 21,002 outlets, in the U.S. and 85 other countries. Franchisees run most of these stores. In the three months ended September 8, 2024, the company’s sales rose 5.1%, to $1.08 billion from $1.03 billion a year earlier. Same-store sales rose 3.0% in the U.S., while they rose 0.8% internationally. Excluding one-time items, earnings per share rose slightly, to $4.19 from $4.18. The company’s income taxes rose. All in all, the pandemic was a boon for top pizza chains like Domino’s as consumers avoided public spaces and instead opted for delivery and curbside pickup. That boosted Domino’s, which was already outpacing rivals given its commitment to tech-enabled carry-out and delivery. Meantime, those moves are still paying off. Domino’s raised its quarterly dividend by 24.8% with the March 2024 payment, to $1.51…