Consumer Discretionary
Domino's Pizza China's successful store expansion in the country drives better growth than market expectations. Sandalwood’s data highlighted DPC’s outperformance on June 21st and in late July the company published earnings stating total revenue in 1H24 was to improve by no less than +45%, comfortably exceeding the full year consensus of +31-34%. The stock climbed over 10% on the back of this news and also significantly outperformed the Hang Seng Index in June / July.
Edition: 192
- 09 August, 2024