- Domino’s Pizza Inc (NYSE:DPZ) reported first-quarter FY23 sales growth of 1.3% year-on-year to $1.02 billion, missing the consensus of $1.03 billion.
- Global retail sales increased 5.9%, excluding the negative impact of foreign currency. Without adjusting for the impact of foreign currency, global retail sales grew 2.2%.
- Same-store sales in the U.S. grew 3.6%, while International same-store sales (excluding foreign currency impact) increased 1.2%.
- The company had global net store growth of 128 stores, comprised of 22 net U.S. store openings and 106 net international store openings.
- Gross margin for the quarter expanded 110 basis points to 37.6%. Operating margin for the quarter expanded 100 basis points to 17.3%.
- EPS of $2.93 beat the analyst consensus of $2.73.
- The company held $395 million in cash and equivalents as of March 26, 2023.
- Net cash provided by operating activities for the quarter totaled $114.7 million, with a free cash flow of $95.7 million.
- On April 25, 2023, the company’s Board of Directors declared a $1.21 per share quarterly dividend on its shares of record as of June 15, 2023, to be paid on June 30, 2023.
- Outlook: Domino’s Pizza sees FY23 capital expenditure of $90 million – $100 million.
- Price Action: DPZ shares are trading lower by 6.55% at $316.83 on the last check Thursday.
RedHill Biopharma Provides H1/22 Highlights And Q3/22 Estimates; Net Revenues For The Six Months Were $31.5M, As Compared To $42.1M For The Six Months Ended June 30, 2021
Financial update: Q2/22: Net revenues of $18.3 million; Operating loss of $9.2 million; Cash balance[1] of $43.2 million as of June 30, 2022; Restated Q1/22: Net revenues
