Domino's Pizza Earnings: What to Watch
Domino's Pizza (NYSE: DPZ) is slated to report its results for its fiscal second quarter 2021 (which ended in late June) before the market open on Thursday, July 22. An analyst conference call is scheduled to follow at 10 a.m. EDT.
Investors will probably be approaching the report with captious optimism. The pizza retailing giant will be facing tough comparables as the COVID-19 pandemic was raging around the world in the year-ago period, which benefited its U.S. segment due to its significant delivery and pickup business. The company's international business, however, didn't fare as well because of a notable number of mandated store closures.
Moreover, while Domino's earnings in the year-ago period comfortably beat the Wall Street consensus estimate, there have been no major earnings surprises in the last three quarters. In fact, in the last two quarters, the consensus earnings estimate has been nearly on target.
Source Fool.com
