Domino's reaches its highest gain in the stock market in more than two years after Domino's Pizza Inc. (DPZ) third-quarter profit and sales were up.
Earnings climbed to 63 cents a share last quarter, the Ann Arbor, Michigan-based company said today in a statement. That exceeded the 61 cents estimated by analysts on average, according to data compiled by Bloomberg. Revenue rose to $446.6 million, beating the $434.2 million predicted, according to Bloomberg.
Its coupons have become a main-stay with the pizza company for customers who get a lot of food for the prices Domino's offers.
One popular deal is the mixing and matching combo that is $5.99 each, which provides a low-cost option for those who are struggling and anybody just trying to save a few bucks.
"Our franchisees continued to drive vigorous store growth worldwide and have embraced our 'pizza theater' store reimage program in neighborhoods around the world," Chief Executive Officer J. Patrick Doyle said in the statement.
Domino's also is in the midst of creating a "pizza theater" that lets customers see how their food is prepared, according to Bloomberg. They also plan on having a newer menu.
The stock jumped 11 percent to $84.30 at the close in New York, the biggest one-day gain since February 2012. The shares, which closed at a record high, have gained 21 percent this year, according to the report.
Doyle said on a conference call that the company started selling breaded chicken bites loaded with pizza toppings, including cheese and bacon, in April, which helped the growth.
