News
John Smaug
- February 26, 2024
Domino’s Pizza Inc. shares DPZ, +1.32% were moving about 4% higher in Monday’s premarket action after the pizza chain logged a profit beat for its latest quarter.
Highlights of the Report
- Net Income Increase: The company reported fiscal fourth-quarter net income of $157.3 million, or $4.48 a share, compared with $158.3 million, or $4.43 a share, in the year-earlier period.
- Earnings Per Share: Analysts tracked by FactSet had been modeling $4.38 in earnings per share.
- Revenue: Flat at $1.40 billion, slightly under analyst expectations of $1.42 billion.
- Growth Metrics: The company saw 2.8% U.S. same-store-sales growth and a 0.1% same-store sales growth internationally, excluding currency impacts.
- Expanding Reach: Franchised U.S. stores grew by 92 locations, while international store count increased by 302.
CEO Perspective
“Our positive U.S. transactions and same store sales growth in both our delivery and carryout channels in the fourth quarter underscore the strength and momentum in our business,” Chief Executive Russell Weiner stated.
Dividend Increase
The board of directors approved a 25% increase to its quarterly dividend, now totaling $1.51 a share.
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