We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Domino's Posts Preliminary Q1 Results, Revokes 2020 Outlook
Read MoreHide Full Article
Domino's Pizza Inc (DPZ - Free Report) announced preliminary first-quarter fiscal 2020 results. Given the unprecedented impact of coronavirus (COVID-19) on its business and the Retail - Restaurants industry, the company has also withdrawn its fiscal 2020 guidance. Following the announcement of unaudited sales and unit development results, shares of the company slid 2.4% on Mar 30.
A glimpse of the company’s price trend reveals that Domino's has outperformed its industry in a year’s time. The stock has gained 18.1% compared with the industry’s decline of 22.5%.
Preliminary Fiscal Q1 Results
Domino's anticipates preliminary Global retail sales (including total sales of franchise and company-owned units) to grow 4.4% year over year in fiscal first quarter. Preliminary comps at international stores and domestic stores are expected to rise 3.9% and 4.9%, year over year, respectively. Excluding foreign currency impact, global retail sales are expected to increase 5.9%.
The company anticipates fiscal first-quarter system-wide sales of U.S. company-owned stores, U.S. franchise stores, U.S. stores and International stores (excluding foreign currency impact) to rise 3.9%, 1.5%, 1.6% and 1.5%, year over year, respectively.
Coming to the international market closures resulting from COVID-19 outbreak, the company partially closed approximately 1,400 restaurants. With 14 international markets closed and 23 international markets partially closed, the company currently operates in 17,089 stores, worldwide.
2020 Outlook Withdrawn
The devastating impact of the COVID-19 outbreak on the global economy has compelled Domino's to withdraw its previously announced 2020 guidance. Nonetheless, the company is focused on execution, service and value as it continues to navigate through the headwinds created by COVID-19.
Some better-ranked stocks worth considering in the same space include Cracker Barrel Old Country Store, Inc. (CBRL - Free Report) , BJ's Restaurants, Inc. (BJRI - Free Report) and Chuy's Holdings, Inc. (CHUY - Free Report) . Cracker Barrel sports a Zacks Rank #1, while BJ's Restaurants and Chuy's Holdings carry a Zacks Rank #2 (Buy).
Cracker Barrel has trailing four-quarter positive earnings surprise of 7.8%, on average. The company’s earnings beat the Zacks Consensus Estimate in all of the last four quarters.
BJ's Restaurants has an expected three-five year earnings per share growth rate of 15%.
2021 earnings for Chuy's Holdings are expected to rise 10.5%.
Zacks Top 10 Stocks for 2020
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2020?
Last year's 2019 Zacks Top 10 Stocks portfolio returned gains as high as +102.7%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don’t miss your chance to get in on these long-term buys.
Image: Bigstock
Domino's Posts Preliminary Q1 Results, Revokes 2020 Outlook
Domino's Pizza Inc (DPZ - Free Report) announced preliminary first-quarter fiscal 2020 results. Given the unprecedented impact of coronavirus (COVID-19) on its business and the Retail - Restaurants industry, the company has also withdrawn its fiscal 2020 guidance. Following the announcement of unaudited sales and unit development results, shares of the company slid 2.4% on Mar 30.
A glimpse of the company’s price trend reveals that Domino's has outperformed its industry in a year’s time. The stock has gained 18.1% compared with the industry’s decline of 22.5%.
Preliminary Fiscal Q1 Results
Domino's anticipates preliminary Global retail sales (including total sales of franchise and company-owned units) to grow 4.4% year over year in fiscal first quarter. Preliminary comps at international stores and domestic stores are expected to rise 3.9% and 4.9%, year over year, respectively. Excluding foreign currency impact, global retail sales are expected to increase 5.9%.
The company anticipates fiscal first-quarter system-wide sales of U.S. company-owned stores, U.S. franchise stores, U.S. stores and International stores (excluding foreign currency impact) to rise 3.9%, 1.5%, 1.6% and 1.5%, year over year, respectively.
Coming to the international market closures resulting from COVID-19 outbreak, the company partially closed approximately 1,400 restaurants. With 14 international markets closed and 23 international markets partially closed, the company currently operates in 17,089 stores, worldwide.
2020 Outlook Withdrawn
The devastating impact of the COVID-19 outbreak on the global economy has compelled Domino's to withdraw its previously announced 2020 guidance. Nonetheless, the company is focused on execution, service and value as it continues to navigate through the headwinds created by COVID-19.
Zacks Rank & Key Picks
Domino's currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Some better-ranked stocks worth considering in the same space include Cracker Barrel Old Country Store, Inc. (CBRL - Free Report) , BJ's Restaurants, Inc. (BJRI - Free Report) and Chuy's Holdings, Inc. (CHUY - Free Report) . Cracker Barrel sports a Zacks Rank #1, while BJ's Restaurants and Chuy's Holdings carry a Zacks Rank #2 (Buy).
Cracker Barrel has trailing four-quarter positive earnings surprise of 7.8%, on average. The company’s earnings beat the Zacks Consensus Estimate in all of the last four quarters.
BJ's Restaurants has an expected three-five year earnings per share growth rate of 15%.
2021 earnings for Chuy's Holdings are expected to rise 10.5%.
Zacks Top 10 Stocks for 2020
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2020?
Last year's 2019 Zacks Top 10 Stocks portfolio returned gains as high as +102.7%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don’t miss your chance to get in on these long-term buys.
Access Zacks Top 10 Stocks for 2020 today >>