ANN ARBOR, Mich. — Domino’s Pizza Inc. today reported first-quarter profit of $117.8 million.
The company said it had net income of $3 per share.
The results surpassed Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $2.94 per share.
The pizza chain posted revenue of $983.7 million in the period, also exceeding Street forecasts. Nine analysts surveyed by Zacks expected $978.6 million.
Domino’s Pizza shares have increased slightly more than 5% since the beginning of the year. The stock has increased 13% in the past 12 months.