The Domino's Pizza Enterprises Ltd. (ASX: DMP) share price will be on watch this reporting season.
Shares in the pizza maker have surged this year and are currently nudging record highs.
In addition, with more COVID-19 induced lockdowns and border closures, today's trading conditions are similar to the ones faced by the company last year.
As a result, investors will be keen to see how Domino's performed during earnings season last year.
Let's take a look at how the Domino's share price responded last reporting season.
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Here's how the Domino's share price responded last year
The Domino's share price stormed more than 8% higher after releasing a strong full year result for FY20.
The pizza maker delivered global sales of $3.27 billion, up 12.8% on the prior corresponding period.
According to Domino's, growth was driven by strong online and same-store sales growth.
Digital sales were up 21.4% to $2.36 billion for the period, accounting for 72.1% of total sales.
A strong performance during last year's reporting season arguably kick-started a renewed interest in the Domino's share price.
What to expect from Domino's this reporting season
A recent note from Goldman Sachs has shed some light on what to expect from Domino's this reporting season.
Analysts from the broker are expecting the pizza maker to report strong growth for FY21.
The broker is predicting network sales growth of 13.9% to $3.7 billion and revenue growth of 14.5% to $2.2 billion.
In addition, analysts expect a 23.8% increase in EBITDA to $391.4 million and 33.1% increase in underlying net profit after tax of $193.8 million.
The broker noted that underlying trading momentum from the pandemic could translate into same-store-sales growth and an increase in store openings.
Snapshot of the Domino's share price
The Domino's share price has enjoyed a stellar year thus far.
Shares in the pizza maker have surged more than 51% since the start of 2021 and are currently nudging record-highs.
There have been various tailwinds assisting the Domno's share price this year.
Most recently, investors have flocked to buy shares in the company following its acquisition of PizzaVest Company Limited.
PizzaVest (also known as Domino's Taiwan) is the second-largest pizza chain in Taiwan.
The latest acquisition has helped illustrate and reinforce the company's emphasis on global growth.
Domino's is scheduled to report its full-year earnings for FY21 on the 18th of August.
