Backtested performance is developed with the benefit of hindsight and has inherent limitations. This information is provided for illustrative purposes only. No representations and warranties are made as to the reasonableness of the assumptions. Certain assumptions have been made for modeling purposes and are unlikely to be realized. Changes in these assumptions may have a material impact on the backtested returns presented. General assumptions include: XYZ firm would have been able to purchase the securities recommended by the model and the markets were sufficiently liquid to permit all trading. Backtested results are calculated by the retroactive application of a model constructed on the basis of historical data and based on assumptions integral to the model which may or may not be testable and are subject to losses. The results reflect performance of a strategy not historically offered to investors and does not represent returns that any investor actually attained. Backtested performance is not an indicator of future actual results. Continue Readingĭisclaimer: The TipRanks Smart Score performance is based on backtested results. Analysts have an average DPZ price target of $417.55 with an upside potential of 17.9% at current levels. Overall, Wall Street analysts are cautiously optimistic about Domino’s Pizza with a Moderate Buy consensus rating based on 13 Buys, six Holds, and one Sell. Looking forward, the company stated in its press release that over the long term, it “expects its 2023 global net store growth to trend at or slightly below the low-end of its 5% to 7% two- to three-year outlook.” Moreover, Domino’s has forecasted its global retail sales growth in FY23, excluding currency exchange fluctuations, to be slightly below the mid-point of its 4% to 8% outlook for the next two to three years. The company’s same-store sales declined by 0.6% during the third quarter of 2023 while international same-store sales (excluding currency exchange fluctuations) went up by 3.3%. The pizza chain’s sales increased by $1.03 billion, a decline of 3.9% year-over-year as compared to analysts’ forecasts of $1.05 billion. Domino’s Pizza ( NYSE: DPZ) reported its Fiscal third-quarter results with earnings of $4.18 per diluted share, up by 49.8% year-over-year, beating consensus estimates of $3.31 per share.
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