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Oct, 14 2017

Domino's profit rises from $47.2 million to $56.4 million

This jump was far better than expected as the analyst was expecting 6.6% rise by research firm Metrix

The Biggest U.S Pizza delivery chain Domino’s Pizza Inc reported much better quarterly profit than expected as the company getting benefit by the higher demand in united state of America.

Sale of all same stores of company owned outlets in United States jumped 8.4% in third quarter ended September 10.  The company owned outlets was the biggest source of profit for largest U.S Pizza delivery chain.

This jump was far better than expected as the analyst was expecting 6.6% rise by research firm Metrix.

After jumped in sale Domino’s net income rose to $56.4 million and $1.18 per share in the latest reported quarter from $47.2 million or 96 cents per share last year.

According to Reuters, Excluding items, the company earned a profit of $1.27 per share, beating analyst’s average estimate of $1.22

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