Bernstein analyst Danilo Gargiulo maintains $Domino's Pizza (DPZ.US)$ with a hold rating, and adjusts the target price from $510 to $440.
According to TipRanks data, the analyst has a success rate of 48.7% and a total average return of -0.1% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Domino's Pizza (DPZ.US)$'s main analysts recently are as follows:
The recent quarter for Domino's Pizza is described as varied with the U.S. performance aligning with expectations, whereas the International segment is mainly responsible for a subdued revenue forecast. Considering the moderately cautious expectations, the future perspective for 2025 might be seen as somewhat cautious, which could potentially lower the risk. However, there are still lingering questions about the cautious nature of this outlook and what will drive the U.S. to maintain a same-store sales growth exceeding 3% in FY25.
Domino's Pizza's recent U.S. comparable sales figure of 3.0% involved a notable 2.7% contribution from partnerships with Uber and other third-party channels, complemented by a 1.6% increase in pricing. The overall performance indicates that Domino's is facing challenges in a significantly more competitive market landscape.
Domino's Pizza's Q3 results and subsequent discussions have indicated a normalization of the U.S. pizza sector to its pre-pandemic performance levels. The segment remains fiercely competitive, and despite Domino's standing as a leader and consistent market share gainer over the long term, its quarterly same-store-sales are influenced by the ongoing battles over value, promotional activities, and product innovation.
Note:
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