Shares in Domino’s Pizza have recovered after falling premarket when the chain announced fourth-quarter revenue below market expectations.
Revenue was $891.5m, below analysts’ predictions of $905m. Net income for the quarter was $93.3m or $2.09 per share, up from $819.4m the same period the year before.
US same-stores sales rose 4.2%, with growth in the international division lower at 2.5%
For the fiscal year 2017, sales were up 12.7%, with US same-store sales growth of 7.7%. Diluted earnings per share were $5.83.
“Without question, we are pleased with our fourth quarter and full-year 2017 performance – with results that continued to outpace the industry,” said J Patrick Doyle, Domino’s Pizza’s president and chief executive officer.
"Our 2017 global retail sales growth and domestic comps outperformed the high-end of our stated three to five-year outlook. This, along with tremendous net store growth and an incredibly low number of closures, helps validate that our long-term fundamental strength is well intact heading into 2018."