Domino's surges to an all-time high
Shares of Domino's Pizza shot to an all-time high in early trading on Thursday after the company reported better-than-expected earnings.
The company posted adjusted earnings per share of $0.81, beating the estimate of $0.797, according to Bloomberg.
Revenues came in at $502 million, higher than the $487.3 million investors had forecast.
In the earnings release, CEO Patrick Doyle said: "We had an outstanding start to 2015. Strong global sales, store growth and technology advancements all demonstrated the fundamental strength of the Domino's brand."
The stock opened about 8% higher, and climbed to as high as $109.76 per share. The stock is up about 15% year-to-date, and about 44% over the past 12 months.
Domestic same store sales climbed 14.5% in the first quarter compared to the previous period. International same store sales rose 7.8%, excluding the foreign currency impact.
In their first take after the earnings release, KeyBanc Capital Markets analysts noted: "We believe the impressive sales momentum will provide investors increased confidence Domino's is taking share from smaller chains and independents."
Here's the entire lifetime of the stock:
