Domino’s Pizza Inc. (NYSE: DPZ) posted revenue and profit in the final quarter with a double-digit same-store sales growth. Domino’s reach to all-time-high was helped by higher supply chain volumes and sales of equipment to stores in connection with its store reimaging program. The result supposedly boosted its quarterly dividend by 23%.
The company’s domestic same-store sales increased by 9.7%, global retail sales expanded by 11.7 percent and its international same-store sales increased by 7.1%.
With the reworks of recipes and additional flavors and other ingredients, Domino’s is able to gain momentum in revenues and earnings.
Domino’s reported an earnings of $62.8 million at $1.18 a share which is a magnificent jump from last year’s $48 million at $0.85 a share. Excluding recapitalization expenses and the extra week of sales, Domino’s reported earnings of 1.15 a share, which is an increase of $0.91 from last year. Analysts had only expected $1.10 in per share earnings. With the help of the extra week of sales, the revenue resulted in an increase of $741.2 million, which is a 15% climb.
“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 chief executive.
At the end of the final quarter, Domino’s dominating performance resulted in 88 more domestic stores than it had in the beginning of the quarter and 323 stores internationally.
Domino’s expanded its operating margin from 29.5% a year ago to 31.2% in the fourth quarter this year.
Domino’s repurchased nearly 4.9 million shares of its common stock during the quarter for about $600 million with $200 million left in its buyback authorization.