Article

Domino's riding strong Q3 momentum

Gas prices tumble 30 cents in one month.

October 27, 2014 by Alicia Kelso — Editor, QSRWeb.com

Domino's Pizza's stocks keep on rising. The company reached another lifetime high last week, after a strong third quarter earnings report driven by digital initiatives and international growth.

Consumers and business owners can also rejoice about gas prices, which continue to fall and are at their lowest in about four years. According to AAA, lower oil prices have pushed national averages down 30 cents in the past month.

Here's a glimpse at the market this week.

Cheese

After a couple of weeks of decreasing prices, cheese rose again for the second week in a row on the Chicago Mercantile, averaging, $2.26, from $2.23 the week prior. The cost of cheese was a dime cheaper two weeks ago.

Prices closed at $2.32 Monday and Tuesday, $2.37 Wednesday, $2.15 Thursday and $2.14 on Friday.

Wheat

Wheat prices also inched up last week, averaging $5.68 on the Minneapolis Grain Exchange, from $5.66 the week prior. Wheat was $5.36 three weeks ago.

Last week's prices closed at $5.66 Monday, $5.69 Tuesday, $5.68 Wednesday, $5.71 Thursday and $5.67 on Friday.

Gasoline and diesel fuel

Monday's nationwide average for regular unleaded gasoline is $3.04, another drop from the week prior, when prices were $3.10. Gas prices were 3.34 a month ago.

Consumers were paying $3.29 at the pump this time last year, according to AAA and the Oil Price Information Service.

Mid-range unleaded is $3.25 today, while the premium unleaded price is $3.43.

The nationwide average for diesel fuel today is $3.61, down slightly from $3.63 the week prior. Diesel prices are also down from $3.74 a month ago and $3.86 a year ago.

Natural Gas

Spot prices fluctuated over the report week (Oct. 15-Oct. 22), with Henry Hub starting the week at $3.82 per million British thermal units (MMBtu) on Oct. 15, dropping 21 cents by Oct. 21 to $3.61, before settling at $3.68/MMBtu Oct. 22. Notably, northeastern pricing points remained relatively low; Algonquin Citygate, serving Boston, closed the report week at $2.74/MMBtu, and Transcontinental's Pipeline Zone 6 New York ended the report week at $2.68/MMBtu.

The New York Mercantile Exchange (Nymex) near-month (November 2014) contract fell again this week from $3.802/MMBtu Oct. 15 to $3.659/MMBtu Oct. 22. The 12-month strip followed the same trend, dropping from $3.806/MMBtu on Oct. 15 to $3.693 on Oct. 22.

Pizza company stocks

Shares in Pizza Hut parent Yum! Brands Inc. closed out last Friday at $69.25, up from $67.62 the week prior. Yum's 52-week high of $83.58 was reached in July. Its low of $65.81 was in early October after its Q3 earnings report that included another China supply chain crisis.

Domino's finished last week at $87.30, up big from $83.93 the week prior. The company is still riding a strong Q3 earnings report and hit a new lifetime high of $88.03 earlier in the week. Its 52-week low of $66.18 was a year ago. 

Papa John's finished out last week at $41.81, down from $42.63 the week prior. PZZA's 52-week high of $55 was in March. Its low of $37.28 was a year ago.

Pizza Inn closed out last week at $7.05, up slightly from $6.94 the week prior. The company's 52-week high is $9.09, achieved in November 2013. Its low is $5.38, from March.

Shares in Papa Murphy's closed last week at $9.07, down from $9.38 the week prior. In its sixth month on the NASDAQ, FRSH's high/low is $12.10/$8.08, respectively.

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