Domino's Pizza Surges 8% Following Strong Q4, Improved Growth Outlook

by Jayson Derrick

February 25, 2016 9:15 AM | 1 min read | Make a Comment

Shares of

Domino's Pizza, Inc.

DPZ

surged higher by 8 percent after the company reported its

fourth quarter results. Domino's said it earned $1.15 per share in the fourth quarter on revenue of $741.183 million. Wall Street analysts were expecting the company to earn $1.10 per share on revenue of $707 million. Total revenue rose 15.3 percent in the quarter driven by higher supply chain volumes and sales of equipment to stores, a 10.7 percent domestic same store sales growth and the inclusion of an extra week in the quarter. International revenue was also boosted by a 8.6 percent comparable same store sales gains and marked the 88th consecutive quarter of international same store sales growth. Net income for the quarter rose to $62.8 million (including a $6.3 million positive impact of the 53rd week) from $48.0 million in the same quarter a year ago. Domino's ended the quarter with a global net store growth of 901 stores, comprised of 133 net new domestic stores and a record 768 net new stores internationally. "Our network of strong franchisees has become even more profitable during these years of continued positive same store sales growth," said J. Patrick Doyle, Domino's President and Chief Executive Officer. "Great store economics around the world have led to accelerated unit growth. It's a positive cycle and the momentum continued through 2015." Domino's does not provide quarterly or annual earnings guidance but updated its domestic same-store sales long term growth outlook to a range of 2 percent to 5 percent from a prior outlook of 2 percent to 4 percent.

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Posted In: Earnings News Movers Domino's domino's pizza J. Patrick Doyle Restaurant stocks restaurants

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