Domino's stock price rises due to strong US sales growth

Investing.com – Domino’s Pizza (NYSE: DPZ) stock rose 4.8% to $403.04 in pre-market trading on Monday, after the pizza chain reported that its U.S. same-store sales for the fourth quarter exceeded analyst expectations.

The company’s U.S. same-store sales grew 3.7% in the fourth quarter, surpassing the 3.47% growth forecasted by analysts compiled by LSEG. This better-than-expected performance was driven by value-driven promotional activities and new menu innovations that boosted demand.

International same-store sales increased 0.7%, below the 1.03% growth anticipated by analysts. Weak international market performance reflected subdued demand and intense competition in regions including Australia and Japan.

Domino’s reported a fourth-quarter earnings per share of $5.35, up from $4.89 in the same period last year. This earnings figure was slightly below the analyst forecast of $5.37.

Over the past 12 months, Domino’s stock has declined 15.6%.

This article was translated with the assistance of artificial intelligence. For more information, please see our Terms of Use.

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