Tomahawk, WI 10/15/2014 (Basicsmedia) – Domino’s Pizza, Inc. (NYSE:DPZ)’s third-quarter profit of 63 cents a share against analyst estimates of 61 cents a share catapulted the stock to margins it has not tested in over two years. During an interview on CNBC, CEO, Patrick Doyle, attributed the impressive performance to everything working to the company’s advantage in the quarter.
“It was a fabulous quarter everything clicked for us. The technology is working the food is working the advertising is working, so we drove just terrific comps domestically. We are happy with where we are,” said Mr. Doyle.
Domino’s Pizza, Inc. (NYSE:DPZ) looks to have benefited from a newly launched voice orderings system that lets people place orders using their smartphone by speaking instead of having to thump-in on the screen. Doyle believes there is an ongoing transition in the way people are going to do business in the future with the development of better and convenient technologies.
Domino’s Pizza, Inc. (NYSE:DPZ) same-store sales for the quarter grew by 7.7% while internationals sales grew by 71%, marking the 83rd consecutive quarter of impressive growth. The company’s international digital ordering continues to grow, currently standing at an average of 40% with the CEO remaining confident of further growth going forward
“[…] Almost 60% of orders are digital and on average it is a little behind the U.S but overall big opportunities there as well. In fact, there are fewer people out there using some of the technology for ordering like in the U.S so that should be a great runway for us as well,” said Mr. Doyle
Financing continues to be readily available according to the CEO, allowing the growth of more franchises that have helped in the growth of Domino’s Pizza, Inc. (NYSE:DPZ) stores worldwide. During the quarter, the company repurchased a total of 242,700 shares at a share price of $71. With an impressive cash balance at hand, it awaits to be seen the kind of dividends the company will offer its shareholders or whether it will initiate another share repurchase program