Consumer Discretionary
Restaurants
$14.99B
11.2K
Key insights and themes extracted from this filing
Domino's Pizza, Inc. reported a consolidated revenue increase of $73.1 million, or 7.1%, reaching $1,097.7 million in the second quarter of 2024 compared to $1,024.6 million in the second quarter of 2023. This growth was primarily driven by higher supply chain and U.S. stores revenues.
Net income for Domino's Pizza, Inc. increased by $32.6 million, or 29.9%, to $142.0 million in the second quarter of 2024 from $109.4 million in the second quarter of 2023. This increase was driven by higher income from operations.
U.S. Company-owned store gross margin decreased to 17.6% in Q2 2024 from 18.6% in Q2 2023. This decrease was primarily driven by increased labor and insurance costs.