Here’s Why Domino’s Stock Is Surging Today

Pizza chain Domino’s posted huge profits in its quarterly earnings report on Feb. 25, beating analyst expectations and sending its stock surging 10%.

The pizza chain reported earnings of $1.15 per share, beating analyst expectations of $1.10 per share. Revenue for the quarter was $741 million, while analysts had only expected $707 million.

Domino’s also performed well on a per-store basis. Same-store sales grew about 10% at both company-owned and franchise stores domestically, while analysts had predicted growth of only about 6%, according to MarketWatch. Sales at competitors Pizza Hut and Papa John’s grew by only about 2%, Reuters reports.

Domino’s has found growing success in recent years by embracing the shift to digital ordering. While the company has had an easy process for ordering from its website or its mobile app for years, hungry customers can now order the company’s pizza on the Apple Watch with a single tap, and the company announced it would begin accepting Apple Pay at the end of 2015.