10:13 AM EDT, 07/18/2024 (MT Newswires) -- Domino's Pizza's (DPZ) second-quarter results rose year over year while the pizza restaurant chain temporarily suspended its long-term outlook for global net store growth.

The company on Thursday reported earnings of $4.03 a share for the three-month period ended June 16, up from $3.08 the year before. The consensus among analysts on Capital IQ was for an EPS of $3.68. Revenue gained 7.1% to nearly $1.1 billion, largely in line with the Street's view.

Higher revenue from franchise royalties and advertising in the US, as well as supply chain helped boost the overall topline. Supply chain revenue growth was buoyed by higher order volumes and a 0.7% increase in the company's food basket pricing to stores, the company said.

US same-store sales advanced 4.8% year over year while international operations, excluding the impact of foreign exchange, grew 2.1%. "For the second straight quarter, we drove US (comparable sales) performance in the healthiest way possible, through profitable order count growth," Chief Executive Russell Weiner said in a statement. "We had positive order counts in our delivery and carryout businesses, and across all income cohorts."

The company saw global net growth of 175 stores in the quarter, with 32 net openings in the US and 143 internationally. Global retail sales climbed 7.2% year over year, excluding foreign currency.

Domino's suspended its previous guidance of growing the number of global stores by more than 1,100 annually on a net basis from 2024 to 2028, until it is able to fully estimate the impact of store openings and closures by Domino's Pizza Enterprises, one of its master franchisees. The franchisee said Wednesday that it will be closing certain stores in Japan and France.

The stock fell 10% during Thursday trading.

The company is targeting a 2024 global net store growth outlook of 825 units to 925 units. Domino's now expects to miss its 2024 international net-store growth target of over 925 stores by 175 to 275 units. It continues to expect more than 175 net openings annually in the US from 2024 to 2028.

For the 2024-2028 period, the pizza chain operator still expects to achieve more than 7% growth in annual global retail sales and more than 8% growth in annual income from operations.

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