Revenue registered $983.7 million in the quarter, up from $873.1 million a year earlier. The FactSet analyst consensus called for $985 million in the latest quarter.
Domino’s posted profit of $117.8 million, or $3 a share, down from $121.6 million, or $3.07, in the year-earlier quarter. Analysts expected earnings per share of $2.94 in the latest quarter.
U.S. same-store sales gained 13.4%, beating analysts’ estimate of 9.7%. And international same-store sales climbed 11.8%, besting predictions of 6%.
Domino’s has benefited as consumers binged on pizza and other takeout foods during the pandemic. Now, investors are optimistic about the distribution of vaccines, societal reopening and economic recovery.
"It was a strong first quarter for the Domino's brand, with balanced growth across all areas of our global business," Chief Executive Ritch Allison said in a statement.
The company’s stock recently traded at $396.24, down 1.9%. It has jumped 9% in the past month.
Domino’s also missed revenue estimates in the fourth quarter. Revenue climbed 18% to $1.36 billion, lagging the FactSet analyst consensus of $.1.39 billion.
EPS climbed to $3.46 from $3.16 in the year-earlier period but trailed the analyst prediction of $3.94.
At that point, McDonald’s will have about 150 locations within Walmart's U.S. stores. That's down from 500 at the start of the year and from an overall peak of about 1,000, The Wall Street Journal reported.