Domino's Pizza exceeds expectations thanks to promotional offers and recovery in demand
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Domino's Pizza reported Q3 results exceeding expectations, with EPS at $4.08 and US same-store sales up 5.2%. The success was driven by promotional strategies, including the "Best Deal Ever" campaign and new product launches. A partnership with DoorDash enhanced delivery options. However, international same-store sales rose only 1.7%, affected by demand fluctuations in Japan and Australia. Gross margins declined due to rising raw material costs, yet the company's value-focused approach continues to attract consumers in a competitive fast-food market.
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