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Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
The US version of pizza delivery outfit Domino’s Pizza (DPZ:NYSE) spooked investors in April when it warned of pressure on sales as hard-pressed consumers were cooking at home rather than splashing out on takeaways.
Investors will be looking to see if that trend has continued when the company reports its second quarter results on 24 July or if the relative resilience of the US economy has helped make ordering a Domino’s an affordable luxury again.
The warning given in April accompanied an otherwise solid set of first-quarter numbers with like-for-like sales up 3.6% against an expected 2% increase and earnings per share of $2.93 beating the $2.73 average estimate.
Based in Ann Arbor, Michigan, New York-listed Domino’s Pizza is the master franchisor for the Domino’s brand – with London-listed Domino’s Pizza (DOM) running the operations in the UK and Ireland through a franchise agreement and similar arrangements in place in other markets outside the US.
Management may provide some colour on a new tie-up with Uber Technologies (UBER:NASDAQ) allowing pizza lovers to order Domino’s through Uber Eats and Postmates platforms. The agreement is exclusive to the US and will run until at least 2024, allowing Uber to share customer order data with Domino’s.
Domino’s will continue using its own drivers to fulfil these orders to maintain its brand image and quality of service.
US UPDATES OVER THE NEXT 7 DAYS
QUARTERLY RESULTS
July 21: American Express, Roper Technologies
July 24: Cadence Design, NXP, Domino’s Pizza, Brown & Brown, Hasbro
July 25: Alphabet, Visa, Danaher, Texas Instruments, Verizon, Raytheon Technologies, General Electric, Mondelez, Waste Management, 3M, General Motors, Kimberly-Clark
July 26: Meta Platforms, Coca-Cola, Thermo Fisher Scientific, Qualcomm, Boeing, ServiceNow, AT&T, ADP, Lam Research, CME, General Dynamics, Chipotle Mexican Grill, Hess, Hilton Worldwide
July 27: Microsoft, Amazon, Mastercard, AbbVie, McDonald’s, Linde, Comcast, T-Mobile US, Intel, Honeywell, Ford Motor, Hershey
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