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Feb, 21 2018

Domino's Pizza records higher fourth-quarter revenue

Net income rose to $93.3 million, or $2.09 per share, in the fourth-quarter ended Dec. 31, from $72.7 million, or $1.48 per share, a year earlier.

Boosted by higher royalty and supply chain revenue from its franchisees, Domino's Pizza Inc reported a 28.3 percent rise in quarterly profit, sending its shares up 4.4 percent in premarket trading.

Net income rose to $93.3 million, or $2.09 per share, in the fourth-quarter ended Dec. 31, from $72.7 million, or $1.48 per share, a year earlier.

Domino's largely benefits from the high-margin royalty fee it charges its franchise stores and the revenue it gets from ingredients and the equipment it supplies them.

Same-store sales at its company-owned outlets in the United States rose 3.8 percent and 4.2 percent at its franchise stores, but both figures missed analysts' expectations.

Analysts' had predicted same-store sales to rise 5.93 percent at company-owned U.S. stores and 6 percent at its franchise stores, according to Thomson Reuters I/B/E/S.

Same-store sales in its international business rose 2.5 percent, but missed analysts' expectations of 5.4 percent.

Revenue rose 8.8 percent to $891.5 million, missing analysts' estimates of $906.4 million.

The company recorded global net store growth of 422 stores in the fourth quarter, including 96 domestic stores and 326 international stores.

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