When you think of delivery pizza, one of the first brands that probably comes to mind is Dominos Pizza. When we talk about restaurant stocks, Dominos might not be the classic sit-down restaurant that one pictures when the world restaurant is mentioned. However, companies like Chipotle, Dominos, and McDonald’s are all considered to be restaurant stocks. A lot of these companies have grown tremendously in the past and are among the most sought-after stocks by investors. They are all leaders in their respective segments. Dominos, particularly, is looked up to as somewhat of an innovator in the pizza delivery segment. The company has also steadily incorporated technology into its business. In fact, it is now experimenting with autonomous vehicles for faster and more efficient deliveries. If you are looking to buy today’s restaurant stocks, then Dominos Pizza can be in the reckoning.
Dominos Reports Second-Quarter 2021 Earnings Results
On 22nd July 2021, Dominos Pizza reported its Q22021 earnings numbers. Total revenues rose from $920 million to $1 billion. Earnings per share on a diluted basis were nearly flat at $3.06 as compared to $2.99 in Q22020. Dominos continued to remain the largest pizza company in the world by retail sales. The US same-store growth moderated from double digits to low single digits as the economy gradually made its way out of the pandemic. However, retail sales growth in international markets jumped 39% year-on-year as compared with a negative 8% contraction in Q22020. Dominos had achieved 41 consecutive quarters of same-store sales growth in the US and 110 consecutive quarters of same-store sales growth in international markets. Dominos is one of the 2021 top restaurant stocks that investors can choose from.
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Dominos Pizza has a presence in more than 90 countries. Its retail sales globally crossed $16 billion in 2020, and Dominos received half of those sales from digital channels. The company is big on adopting technology and is placed well for longer-term future growth.
