Domino's is eyeing menu price increases. In an earnings call Monday, CFO Sandeep Reddy said the company is "planning for a modest price increase in the low-single digits." Reddy also told analysts that prices will rise even more in California "to offset the wage impacts" from legislation that will raise the minimum wage for fast food workers in the state.  DOMINO'S RELEASES NEW 'EMERGENCY PIZZA' PROGRAM, OFFERING CUSTOMERS A FREE MEDIUM PIZZA WHEN MOST 'NEEDED'The bill to do so was signed last fall by Gov. ...

Domino's Pizza, Inc. (NYSE:DPZ) Q4 2023 Earnings Conference Call February 26, 2024 8:30 AM ET Company Participants Greg Lemenchick - VP, IR Russell Weiner - CEO Sandeep Reddy - CFO Conference Call Participants Brian Bittner - Oppenheimer Lauren Silberman - Deutsche Bank Gregory Francfort - Guggenheim Andrew Charles - TD Cowen Dennis Geiger - UBS David Palmer - Evercore ISI David Tarantino - Baird John Ivankoe - JPMorgan Chris O'Cull - Stifel Peter Saleh - BTIG Sara Senatore - Bank of America Brian Harbour - ...

Investors were hungry for Domino's Pizza (DPZ 6.61%) stock Monday morning. The company reported fourth-quarter and full-year 2023 results before the bell, and beat earnings expectations. Management also reiterated how it plans to continue to grow. Investors cheered the report, pushing the pizza chain's shares up by as much as 10%. As of 11:57 a.m. ET, the stock remained up by 6.5%.Huge dividend hikeDomino's also raised its quarterly dividend by a whopping 25%, boosting its annual dividend yield to about 1.3 ...

While neither a technology nor an artificial intelligence (AI)-focused company in a stock market that heavily favors such firms, Domino’s Pizza (NYSE: DPZ) has, nonetheless, seen its shares rise significantly throughout the last 52 weeks.While growth has been relatively slow for the fast-food chain since the start of January, DPZ saw a major surge upon releasing its Q4 earnings report in the pre-market on Monday, February 26.The surge was largely driven by Domino’s reporting strong growth and managing to be ...

Domino's Pizza, Inc. (DPZ) reported mixed fourth-quarter fiscal 2023 results, with earnings beating the Zacks Consensus Estimate and revenues missing the same. However, both metrics increased year over year. Following the announcement, the stock rose 5% in the pre-market trading session.Earnings & Revenue DiscussionIn the quarter, Domino's reported adjusted earnings per share (EPS) of $4.48, surpassing the Zacks Consensus Estimate of $4.37. The figure rose 1.1% from $4.43 reported in the year-ago quarter.Re ...

For the quarter ended December 2023, Domino's Pizza (DPZ) reported revenue of $1.4 billion, up 0.8% over the same period last year. EPS came in at $4.48, compared to $4.43 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $1.42 billion, representing a surprise of -0.93%. The company delivered an EPS surprise of +2.52%, with the consensus EPS estimate being $4.37.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street ...

About this content About Josh Lamb After graduating from the University of Kent in the summer of 2022 with a degree in History, Josh joined Proactive later that year as a journalist in the UK editorial team. Josh has reported on a range of areas whilst at Proactive, including energy companies during a time of global crisis, aviation and airlines as the sector recovers from the pandemic, as well as covering economic, social and governance issues. Read more About the publisher Proactive financial news and ...

Domino's Pizza (DPZ) came out with quarterly earnings of $4.48 per share, beating the Zacks Consensus Estimate of $4.37 per share. This compares to earnings of $4.43 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 2.52%. A quarter ago, it was expected that this pizza chain would post earnings of $3.29 per share when it actually produced earnings of $4.18, delivering a surprise of 27.05%.Over the last four quarters, the company ...

Part I [Business](index=5&type=section&id=Item%201.%20Business.) Domino's operates as the world's largest pizza chain, primarily through franchising, generating revenue from royalties, fees, and supply chain activities - As of December 31, 2023, **Domino's is the largest pizza company globally**, with over **20,500 locations** in more than **90 markets**[17](index=17&type=chunk) - The business is heavily franchised, with approximately **99% of global stores** owned and operated by independent franchisees[18](index=18&type=chunk) - The company's 'Hungry for MORE' strategy focuses on four key pillars: Most Delicious Food, Operational Excellence, Renowned Value, and Enhanced by Best-in-Class Franchisees[21](index=21&type=chunk)[22](index=22&type=chunk) 2023 Revenue by Business Segment | Segment | Revenue (in millions) | Percentage of Total | | :--- | :--- | :--- | | U.S. Stores | $1,450 | 32% | | International Franchise | $310.1 | 7% | | Supply Chain | $2,720 | 61% | [Industry and Competition](index=6&type=section&id=Our%20Industry%20and%20Competition) Domino's leads the **$41.3 billion** U.S. QSR pizza market in delivery and carryout, facing intense competition from chains and aggregators - The U.S. QSR pizza category grew from **$37.5 billion** in 2018 to **$41.3 billion** in 2023[24](index=24&type=chunk) U.S. Market Share (2023) | Segment | Domino's Market Share | Total Segment Size (in billions) | | :--- | :--- | :--- | | Delivery | ~30% | $16.5 | | Carryout | ~19% | $20.2 | - Competition exists not only with other pizza chains but also with other restaurants and order/delivery aggregation companies for customers, employees, and real estate[27](index=27&type=chunk) [Business Segments](index=7&type=section&id=Business%20Segments) The company operates three segments: U.S. Stores, International Franchise, and Supply Chain, with the Supply Chain segment accounting for **61%** of 2023 revenue - The U.S. Stores segment includes **6,566 franchised stores** operated by **735 franchisees** and **288 Company-owned stores** as of year-end 2023[32](index=32&type=chunk)[34](index=34&type=chunk) - The International Franchise segment consists of **13,737 stores**, with the top **10 markets** accounting for approximately **64%** of the international store count, and **India** being the largest market with **1,916 stores**[40](index=40&type=chunk)[43](index=43&type=chunk)[44](index=44&type=chunk) - The Supply Chain segment operates **22 regional centers** in the U.S. and **5 in Canada**, supplying over **7,400 stores**, and offers a **50% pre-tax profit-sharing arrangement** to participating franchisees[47](index=47&type=chunk)[48](index=48&type=chunk) - Key supply agreements include an exclusive deal with **Coca-Cola®** until at least December 2030, a cheese supply agreement expiring in September 2024, and a meat toppings agreement expiring in December 2025[50](index=50&type=chunk) [Our Strengths](index=9&type=section&id=Our%20Strengths) Domino's strengths include strong brand equity, a cost-efficient franchised model, and significant technological innovation, with over **85%** U.S. digital sales - Over **85% of U.S. retail sales** in 2023 were generated from digital channels[59](index=59&type=chunk) - In 2023, the company entered a global agreement with **Uber Technologies**, allowing orders through Uber Eats and Postmates, and launched **Pinpoint Delivery** for non-traditional locations[60](index=60&type=chunk) - The **Domino's Rewards® loyalty program** was relaunched in 2023, offering members the ability to redeem points for a wide selection of menu items[61](index=61&type=chunk) [Human Capital and Corporate Stewardship](index=11&type=section&id=Human%20Capital%20and%20Corporate%20Stewardship) Domino's employs approximately **11,200 people**, focusing on talent development and diversity, and pursues net-zero emissions goals and philanthropic partnerships - The company employed approximately **11,200 people** as of December 31, 2023, with the majority supporting U.S. Company-owned stores and supply chain operations[66](index=66&type=chunk) - A unique cultural strength is that substantially all U.S. franchisees started their careers as delivery drivers or in other in-store positions[79](index=79&type=chunk) - The company has set a goal to achieve **net-zero carbon emissions by 2050** and submitted its Science Based Targets for validation in 2023[84](index=84&type=chunk) - Since 2004, the Domino's system has contributed approximately **$124.7 million** to its national philanthropic partner, **St. Jude Children's Research Hospital®**, including about **$15.5 million** in 2023[85](index=85&type=chunk) [Risk Factors](index=15&type=section&id=Item%201A.%20Risk%20Factors.) The company faces multiple risks, including intense competition, cost inflation, cybersecurity threats, franchisee dependence, international market volatility, and substantial indebtedness - The company faces intense competition from national pizza chains, local pizzerias, and increasingly from order and delivery aggregators, which creates pressure on market share and profitability[98](index=98&type=chunk) - Profitability is vulnerable to cost increases in food (**cheese is ~25% of a store's market basket**), labor, and energy, particularly in the current inflationary environment, with legislation like California's AB 1228 potentially increasing labor costs[105](index=105&type=chunk)[108](index=108&type=chunk)[109](index=109&type=chunk) - Cybersecurity incidents pose a significant risk due to the high volume of digital sales (**over 85% in the U.S.**) and the collection of customer data, potentially disrupting operations, exposing confidential information, and harming the brand[125](index=125&type=chunk)[131](index=131&type=chunk) - The business is highly dependent on the performance of independent franchisees, whose actions are outside the company's direct control and can impact brand reputation and financial results, with the largest international master franchisee operating **3,840 stores** representing a significant concentration[121](index=121&type=chunk)[122](index=122&type=chunk) - The company's substantial indebtedness of approximately **$4.99 billion** as of year-end 2023 could make it more difficult to satisfy obligations, increase vulnerability to adverse economic conditions, and limit flexibility[140](index=140&type=chunk) - Regulatory risks include potential classification of franchisors as joint employers of their franchisees' employees, as seen in the NLRB's 2023 final rule, which could increase liability and operating expenses[151](index=151&type=chunk) [Unresolved Staff Comments](index=30&type=section&id=Item%201B.%20Unresolved%20Staff%20Comments.) The company reports that it has no unresolved staff comments - The company has no unresolved staff comments[164](index=164&type=chunk) [Cybersecurity](index=30&type=section&id=Item%201C.%20Cybersecurity.) Cybersecurity oversight is managed by the Board and Audit Committee, with operational responsibility by the CISO, following NIST and CIS frameworks, and no material incidents have occurred to date - The Board of Directors and its Audit Committee oversee cybersecurity risk, with regular updates from the Chief Technology Officer (CTO) and Chief Information Security Officer (CISO)[165](index=165&type=chunk)[166](index=166&type=chunk) - The company's cybersecurity program is based on the **NIST Cybersecurity Framework** and **CIS Critical Security Controls**, is certified as **PCI DSS compliant**, and includes a dedicated **Security Operations Center (SOC)**[171](index=171&type=chunk) - The company has not experienced any cybersecurity incidents that have materially affected its business strategy, results of operations, or financial condition to date[173](index=173&type=chunk) [Properties](index=31&type=section&id=Item%202.%20Properties.) The company leases its corporate headquarters and all U.S. company-owned stores, while owning four supply chain centers and leasing others, with franchisees responsible for their own store locations - The company leases its approximately **285,000 sq. ft. corporate headquarters** in Ann Arbor, Michigan, with the lease expiring in 2029[174](index=174&type=chunk) - Domino's owns **four supply chain center buildings**; all other supply chain centers and all Company-owned stores are leased[175](index=175&type=chunk) [Legal Proceedings](index=32&type=section&id=Item%203.%20Legal%20Proceedings.) The company is involved in various ordinary course lawsuits and administrative proceedings, which management does not expect to have a material adverse effect on its business or financial condition - The company is involved in ordinary course litigation but does not expect these matters to have a material adverse effect on its financial condition[177](index=177&type=chunk)[178](index=178&type=chunk) Part II [Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities](index=33&type=section&id=Item%205.%20Market%20for%20Registrant%27s%20Common%20Equity%2C%20Related%20Stockholder%20Matters%20and%20Issuer%20Purchases%20of%20Equity%20Securities.) Domino's common stock trades on the NYSE under 'DPZ', with a recent quarterly dividend of **$1.51 per share** declared, and the Board authorized an additional **$1.0 billion** for share repurchases, bringing the total authorization to **$1.14 billion** - On February 21, 2024, the Board of Directors declared a quarterly dividend of **$1.51 per common share**[183](index=183&type=chunk) - Subsequent to fiscal 2023, the Board authorized an additional **$1.0 billion** for share repurchases, increasing the total available authorization to **$1.14 billion**[185](index=185&type=chunk) Share Repurchase Activity (Q4 2023) | Period | Total Shares Purchased | Average Price Paid per Share | Dollar Value Remaining (in thousands) | | :--- | :--- | :--- | :--- | | Total Q4 2023 | 171,032 | $347.63 | $141,333 | [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=35&type=section&id=Item%207.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations.) In fiscal 2023, Domino's achieved a **5.4% increase** in global retail sales and **711 net new stores**, despite a **1.3% decrease** in total revenues to **$4.48 billion**, driven by refranchising and supply chain mix, while income from operations grew **6.7%** to **$819.5 million** and net income increased to **$519.1 million** [Fiscal 2023 Highlights and Statistical Measures](index=38&type=section&id=Fiscal%202023%20Highlights%20and%20Statistical%20Measures) Key performance indicators for 2023 showed positive momentum, with global retail sales growing **5.4%** to **$18.28 billion**, U.S. same-store sales up **1.6%**, international up **1.7%**, and net store growth of **711 units** Global Retail Sales (in millions) | Region | 2023 (in millions) | 2022 (in millions) | | :--- | :--- | :--- | | U.S. stores | $9,026.1 | $8,751.7 | | International stores | $9,249.7 | $8,788.2 | | **Total** | **$18,275.8** | **$17,539.9** | Same Store Sales Growth vs. Prior Year | Region | 2023 | 2022 | | :--- | :--- | :--- | | U.S. stores | +1.6% | (0.8)% | | International stores (ex-currency) | +1.7% | +0.1% | - Global net store count grew by **711 stores** in 2023, reaching a total of **20,591 stores** worldwide, including **168 net new stores** in the U.S. and **543 internationally**[215](index=215&type=chunk)[219](index=219&type=chunk) [Results of Operations (2023 vs 2022)](index=40&type=section&id=Results%20of%20Operations%20(2023%20vs%202022)) Consolidated revenues for 2023 decreased **1.3%** to **$4.48 billion** due to refranchising and product mix, but gross margin improved to **38.6%**, and net income significantly increased to **$519.1 million** due to higher franchise fees, improved supply chain margins, and unrealized gains Consolidated Financial Results (in millions) | Metric | 2023 (in millions) | 2022 (in millions) | Change | | :--- | :--- | :--- | :--- | | Total Revenues | $4,479.4 | $4,537.2 | (1.3)% | | Gross Margin | $1,727.4 | $1,648.6 | +4.8% | | Income from Operations | $819.5 | $767.9 | +6.7% | | Net Income | $519.1 | $452.3 | +14.8% | - U.S. Company-owned store revenues decreased **15.6%** to **$376.2 million**, primarily due to the refranchising of **114 stores** in late 2022[225](index=225&type=chunk) - U.S. franchise royalties and fees increased **8.7%** to **$604.9 million**, driven by higher technology fees and net store growth[226](index=226&type=chunk) - Supply chain gross margin increased by **$33.5 million (13.7%)**, with the margin rate improving to **10.2%** from **8.9%** due to procurement productivity[235](index=235&type=chunk) - Other income of **$17.7 million** was recorded in 2023, representing unrealized gains on the investment in DPC Dash, the master franchisee for China[240](index=240&type=chunk) [Segment Income](index=45&type=section&id=Segment%20Income) In 2023, all operating segments reported increased income, with U.S. Stores up **18.8%** to **$521.0 million**, Supply Chain up **17.5%** to **$245.4 million**, and International Franchise up **9.9%** to **$259.6 million**, partly due to a cost allocation change - A change in the allocation methodology for certain software development costs in Q1 2023 increased U.S. Stores Segment Income by an estimated **$65.7 million** and International Franchise Segment Income by **$8.9 million**[245](index=245&type=chunk) Segment Income (in millions) | Segment | 2023 (in millions) | 2022 (in millions) | Change | | :--- | :--- | :--- | :--- | | U.S. Stores | $521.0 | $438.6 | +18.8% | | Supply Chain | $245.4 | $208.8 | +17.5% | | International Franchise | $259.6 | $236.1 | +9.9% | [Liquidity and Capital Resources](index=46&type=section&id=Liquidity%20and%20Capital%20Resources) The company maintains liquidity through operating cash flows and **$320 million** in variable funding notes, with **$114.1 million** unrestricted cash and **$4.99 billion** total long-term debt at year-end 2023, while investing in capital expenditures, share repurchases, and dividends - As of December 31, 2023, the company had **$114.1 million** in unrestricted cash and cash equivalents and full availability under its two variable funding note facilities, totaling **$320.0 million** of borrowing capacity[253](index=253&type=chunk)[254](index=254&type=chunk) - Total consolidated long-term debt was approximately **$4.99 billion** at year-end 2023[140](index=140&type=chunk)[427](index=427&type=chunk) 2023 Uses of Cash (in millions) | Activity | Amount (in millions) | | :--- | :--- | | Capital Expenditures | $105.4 | | Share Repurchases | $269.0 | | Dividends Paid | $169.8 | - Cash provided by operating activities increased by **$115.5 million** to **$590.9 million** in 2023, primarily due to positive changes in working capital and higher net income[282](index=282&type=chunk)[283](index=283&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=51&type=section&id=Item%207A.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk.) The company is exposed to market risks including interest rate risk on variable funding notes, significant commodity price risk for food costs like cheese, and foreign currency exchange rate risk, which could impact international royalty revenues - The company is exposed to interest rate risk on its variable funding notes, which bear interest at fluctuating rates based on Term SOFR[298](index=298&type=chunk) - The company is subject to volatility in food costs from changes in commodity prices, especially cheese[300](index=300&type=chunk) - A hypothetical **10% adverse change** in foreign currency exchange rates would have resulted in a negative impact on international royalty and fee revenues of approximately **$27.4 million** in 2023[301](index=301&type=chunk) [Financial Statements and Supplementary Data](index=52&type=section&id=Item%208.%20Financial%20Statements%20and%20Supplementary%20Data.) This section presents the company's audited consolidated financial statements for 2023, 2022, and 2021, with an unqualified opinion from PricewaterhouseCoopers LLP, highlighting the valuation of casualty insurance reserves as a critical audit matter - The independent auditor, **PricewaterhouseCoopers LLP**, issued an unqualified (clean) opinion on the consolidated financial statements and the effectiveness of internal control over financial reporting[306](index=306&type=chunk) - The auditor identified the 'Valuation of Casualty Insurance Reserves' as a critical audit matter due to the significant management judgment and complex assumptions involved[314](index=314&type=chunk)[315](index=315&type=chunk) Key Financial Statement Data (in thousands) | Metric | Dec 31, 2023 (in thousands) | Jan 1, 2023 (in thousands) | | :--- | :--- | :--- | | **Balance Sheet:** | | | | Total Assets | $1,674,899 | $1,602,221 | | Total Liabilities | $5,745,266 | $5,791,286 | | Total Stockholders' Deficit | $(4,070,367) | $(4,189,065) | | **Income Statement (FY):** | **2023 (in thousands)** | **2022 (in thousands)** | | Total Revenues | $4,479,358 | $4,537,158 | | Net Income | $519,118 | $452,263 | | Diluted EPS | $14.66 | $12.53 | [Note 3: Recapitalizations and Financing Arrangements](index=72&type=section&id=Note%203%3A%20Recapitalizations%20and%20Financing%20Arrangements) The company's debt structure comprises approximately **$4.99 billion** in fixed-rate asset-backed securitization notes, secured by company assets, and two variable funding note facilities for liquidity, subject to a **1.75x** debt service coverage ratio covenant Consolidated Long-Term Debt Components (as of Dec 31, 2023, in thousands) | Debt Series | Principal Amount (in thousands) | | :--- | :--- | | 2015 Ten-Year Notes | $744,000 | | 2017 Ten-Year Notes | $942,500 | | 2018 Notes | $783,750 | | 2019 Ten-Year Notes | $649,688 | | 2021 Notes | $1,803,750 | | **Total Notes (Principal)** | **$4,923,688** | - The notes are subject to a key financial covenant requiring a minimum debt service coverage ratio of **1.75x**[424](index=424&type=chunk) [Note 11: Segment Information](index=87&type=section&id=Note%2011%3A%20Segment%20Information) The company reports three segments: U.S. Stores, Supply Chain, and International Franchise, with 2023 revenues of **$1.45 billion**, **$2.83 billion**, and **$310.1 million** respectively, and segment income impacted by a Q1 2023 cost allocation change 2023 Segment Financials (in thousands) | Segment | Revenues (in thousands) | Segment Income (in thousands) | | :--- | :--- | :--- | | U.S. Stores | $1,454,272 | $520,977 | | Supply Chain | $2,829,224 | $245,430 | | International Franchise | $310,077 | $259,608 | - In Q1 2023, a change in cost allocation for internally developed software increased U.S. Stores segment income by an estimated **$65.7 million** and International Franchise segment income by **$8.9 million** for the year[476](index=476&type=chunk) [Controls and Procedures](index=90&type=section&id=Item%209A.%20Controls%20and%20Procedures.) Management, including the CEO and CFO, concluded that disclosure controls and internal control over financial reporting were effective as of December 31, 2023, with no material changes reported - Management, including the CEO and CFO, concluded that the Company's disclosure controls and procedures were effective as of the end of the period[485](index=485&type=chunk) - Management concluded that its internal control over financial reporting was effective as of December 31, 2023, based on the COSO framework, and this assessment was audited by **PricewaterhouseCoopers LLP**[485](index=485&type=chunk) Part III [Directors, Executive Officers and Corporate Governance](index=92&type=section&id=Item%2010.%20Directors%2C%20Executive%20Officers%20and%20Corporate%20Governance.) This section lists the company's executive officers, including Russell J. Weiner (CEO) and Sandeep Reddy (CFO), with further details incorporated by reference from the definitive proxy statement Executive Officers | Name | Age | Position | | :--- | :--- | :--- | | Russell J. Weiner | 55 | Chief Executive Officer and Director | | Joseph H. Jordan | 50 | President, U.S. and Global Services | | Sandeep Reddy | 53 | Executive Vice President, Chief Financial Officer | | Arthur P. D'Elia | 46 | Executive Vice President, International | | Kelly E. Garcia | 48 | Executive Vice President, Chief Technology Officer | | Frank R. Garrido | 53 | Executive Vice President, Chief Restaurant Officer | | Cynthia A. Headen | 55 | Executive Vice President, Chief Supply Chain Officer | | Samuel A. Jackson | 46 | Executive Vice President, Human Resources | | Kevin S. Morris | 63 | Executive Vice President, General Counsel and Corporate Secretary | - Additional information required by this item is incorporated by reference from the definitive proxy statement to be filed within 120 days of December 31, 2023[503](index=503&type=chunk) [Executive Compensation](index=93&type=section&id=Item%2011.%20Executive%20Compensation.) Information regarding executive compensation is incorporated by reference from the company's definitive proxy statement - Information is incorporated by reference from the definitive proxy statement[504](index=504&type=chunk) [Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters](index=93&type=section&id=Item%2012.%20Security%20Ownership%20of%20Certain%20Beneficial%20Owners%20and%20Management%20and%20Related%20Stockholder%20Matters.) Information regarding security ownership is incorporated by reference from the company's definitive proxy statement - Information is incorporated by reference from the definitive proxy statement[505](index=505&type=chunk) [Certain Relationships and Related Transactions, and Director Independence](index=93&type=section&id=Item%2013.%20Certain%20Relationships%20and%20Related%20Transactions%2C%20and%20Director%20Independence.) Information regarding related transactions and director independence is incorporated by reference from the company's definitive proxy statement - Information is incorporated by reference from the definitive proxy statement[506](index=506&type=chunk) [Principal Accountant Fees and Services](index=93&type=section&id=Item%2014.%20Principal%20Accountant%20Fees%20and%20Services.) Information regarding principal accountant fees and services is incorporated by reference from the company's definitive proxy statement - Information is incorporated by reference from the definitive proxy statement[507](index=507&type=chunk) Part IV [Exhibits, Financial Statement Schedules](index=94&type=section&id=Item%2015.%20Exhibits%2C%20Financial%20Statement%20Schedules.) This section lists all financial statements, schedules, and exhibits filed as part of the Form 10-K, including corporate governance documents, material contracts, and debt agreements - This item lists all financial statements, schedules, and exhibits included with or incorporated by reference into the Form 10-K filing[509](index=509&type=chunk) [Form 10-K Summary](index=105&type=section&id=Item%2016.%20Form%2010-K%20Summary.) This item is not applicable - This item is not applicable[531](index=531&type=chunk)

Global retail sales growth (excluding foreign currency impact) of 4.9% for the fourth quarter; 5.4% growth for fiscal 2023 U.S. same store sales growth of 2.8% for the fourth quarter; 1.6% growth for fiscal 2023 International same store sales growth (excluding foreign currency impact) of 0.1% for the fourth quarter; 1.7% growth for fiscal 2023 Global net store growth of 394 for the fourth quarter; 711 for fiscal 2023 (excluding closure of the Russia market, global net stores grew by 870 for fiscal 2023) Inc ...