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Domino’s Pizza delivers tasty results with better-than-expected revenues

Tuesday, February 28, 2017 7:18
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Domino’s Pizza Inc (NYSE:DPZ) has today reported an increase in fourth quarter revenue that has exceeded analysts’ expectations.

Total revenue in the three months to 1 January was $819,435, compared to $741,183 in the year-ago period, buoyed by strong sales in the US and international markets and by a rise in store openings.

Analysts’ average estimate was $782,200, according to a poll by Thomson Reuters.

The pizza delivery chain’s revenues were supported by growth in online deliveries via apps for smartphones and smartwatches.

Same-store sales at company-owned outlets in the US increased 13.7%.

The rise in same store sales, combined with store openings, lifted net income 15.9% to $72,734, or $1.48 per share from $62,759, or $1.18 per share.

A net 171 outlets were opened in the US during the quarter, while 1,110 outlets were opened outside the nation.

The company declared a dividend of 38c per share, compared to 31c per share the same period a year earlier.

Shares rose 1.07% to $187.40 in US pre-market trading.

Story by ProactiveInvestors


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