Jim Cramer on CNBC’s ‘Mad Money Lightning Round’ offered insights into Federated Hermes, Motorola Solutions, Gerdau, and Domino’s Pizza. While he was impressed by Motorola’s performance, he expressed concerns about Domino’s recent struggles.
Results for: Domino's Pizza
Domino’s Pizza’s master franchisee in China, DPC Dash, has achieved impressive growth in the first half of 2024, driven by aggressive store expansion and a value-for-money strategy. This success has resulted in strong revenue growth, profitability, and increased market share in a competitive market.
Domino’s Pizza stock has underperformed recently, facing challenges in its international markets and struggling with inflationary pressures. While the company continues to innovate and benefit from its partnership with Uber, its near-term prospects remain uncertain. The stock currently holds a Zacks Rank #3 (Hold), but investors may want to wait for more stability before entering or increasing their positions.
Wall Street is anticipating quarterly earnings reports from various companies today, including Domino’s Pizza, Yum China Holdings, Tesla, ON Semiconductor, and NXP Semiconductors. Domino’s is estimated to have earnings per share of $3.39 on revenue of $1.08 billion. Yum China’s earnings are projected at 65 cents per share on revenue of $3.05 billion. Tesla is laying off 693 employees in Nevada, as part of a 10% company-wide layoff, while increasing the price of its Model 3 Performance. ON Semiconductor is anticipated to report earnings of $1.04 per share on revenue of $1.85 billion. NXP Semiconductors is expected to have earnings per share of $3.16 on revenue of $3.13 billion.