Domino’s Pizza Inc ( (DPZ) ) has released its Q4 earnings. Here is a breakdown of the information Domino’s Pizza Inc presented to its investors.
Domino’s Pizza Inc., the world’s largest pizza company, operates in the quick-service restaurant sector, offering both delivery and carryout services through a global network of over 21,300 stores in more than 90 markets.
In its latest financial report, Domino’s Pizza Inc. announced a steady growth trajectory for the fourth quarter and fiscal year 2024. The company reported a global retail sales increase of 4.4% for the fourth quarter and 5.9% for the fiscal year, excluding foreign currency impacts. U.S. same-store sales grew by 0.4% for the quarter and 3.2% for the year, while international same-store sales saw a 2.7% rise in the fourth quarter.
Key financial highlights include a 6.4% increase in income from operations for the fourth quarter and a 7.3% rise for the fiscal year. Net income saw a significant boost of 7.7% in the fourth quarter, with diluted earnings per share increasing by 9.2% to $4.89. The company also achieved a net store growth of 364 for the quarter and 775 for the year, underscoring its expansion strategy. Additionally, the Board of Directors approved a 15% increase in the quarterly dividend, reflecting confidence in the company’s financial health.
Looking ahead, Domino’s management remains optimistic about continued growth in 2025, driven by strategic initiatives and market share gains, positioning the company for long-term value creation for both franchisees and shareholders.