Domino’s Pizza Inc. shares
DPZ,
were moving about 4% higher in Monday’s premarket action after the pizza chain logged a profit beat for its latest quarter. The company logged fiscal fourth-quarter net income of $157.3 million, or $4.48 a share, compared with net income of $158.3 million, or $4.43 a share, in the year-earlier period. Analysts tracked by FactSet had been modeling $4.38 in earnings per share. Revenue was near flat at $1.40 billion, whereas analysts were looking for $1.42 billion. The company saw 2.8% U.S. same-store-sales growth in the fourth quarter, along with 0.1% same-store sales growth internationally, when excluding currency impacts. Franchised U.S. stores grew sequentially by a net of 92 locations in the fourth quarter, while international store count grew by a net of 302. “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 said in a release. Domino’s noted that its board of directors on Feb. 21 approved a 25% increased to its quarterly dividend, which was declared to be $1.51 a share.
