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Domino's Pizza® Announces Fourth Quarter and Fiscal 2024 Financial Results
Prnewswire· 2025-02-24 11:05
Core Insights - Domino's Pizza, Inc. reported a global retail sales growth of 4.4% for the fourth quarter and 5.9% for fiscal 2024, indicating strong performance despite macroeconomic challenges [1][4] - The company achieved a U.S. same store sales growth of 0.4% for the fourth quarter and 3.2% for fiscal 2024, while international same store sales growth was 2.7% for the fourth quarter and 1.6% for fiscal 2024 [1][4] - The Board of Directors approved a 15% increase in the quarterly dividend to $1.74 per share, reflecting confidence in the company's financial health [1][8] Financial Performance - Total revenues for the fourth quarter of 2024 were $1,443.9 million, a 2.9% increase from $1,403.0 million in the fourth quarter of 2023 [6][29] - Net income for the fourth quarter increased by 7.7% to $169.4 million compared to $157.3 million in the same quarter of the previous year [6][12] - Diluted earnings per share rose to $4.89, a 9.2% increase from $4.48 in the fourth quarter of 2023 [6][12] Operational Highlights - The company experienced a global net store growth of 364 stores in the fourth quarter and 775 stores for fiscal 2024 [1][4] - U.S. Company-owned store gross margin improved to 15.5% in the fourth quarter, up from 14.7% in the previous year [6][29] - Supply chain gross margin increased to 11.3% in the fourth quarter, compared to 10.9% in the same period last year [6][29] Strategic Initiatives - The CEO emphasized the effectiveness of the "Hungry for MORE" strategy, which has driven strong order count growth and market share in the QSR Pizza segment [2] - The company has successfully navigated challenges in the international market, achieving its 31st consecutive year of same store sales growth [2] - Domino's continues to leverage digital channels, with over 85% of U.S. retail sales generated through these platforms in 2024 [24] Shareholder Returns - The company repurchased 258,568 shares for $112.0 million in the fourth quarter and 758,242 shares for $327.0 million during fiscal 2024 [9] - As of December 29, 2024, Domino's had a remaining authorized amount for share repurchases of $814.3 million [9]
Domino's Gears Up to Report Q4 Earnings: What's in Store?
ZACKS· 2025-02-21 15:05
Core Viewpoint - Domino's Pizza, Inc. is expected to report its fourth-quarter 2024 results on February 24, with earnings estimates showing a potential increase compared to the previous year [1][2]. Group 1: Earnings Estimates - The Zacks Consensus Estimate for earnings is $4.95 per share, reflecting a 10.5% increase from the prior-year quarter [2]. - Revenue estimates are pegged at $1.48 billion, indicating a growth of 5.4% from the previous year [2]. - In the past 30 days, earnings estimates have been revised downward by 1.2% [2]. Group 2: Performance Drivers - The fourth-quarter results are likely to benefit from expansion efforts, same-store sales growth, and digital enhancements [3]. - The company's digital ordering system and the Hungry for MORE strategy are expected to contribute positively to performance [3]. - The Domino's Rewards program has been crucial in enhancing U.S. performance and customer engagement [3]. Group 3: Sales and Revenue Expectations - U.S. company-owned and franchise store same-store sales are predicted to grow by 4% year over year, with international comps expected to increase by 3% [4]. - Total U.S. store revenues are anticipated to grow by 7.4% to $482.7 million, while supply-chain revenues are likely to rise by 5% to $899.7 million [4]. Group 4: New Initiatives - The company has introduced a new Pinpoint Delivery service, allowing deliveries to specific locations based on PIN codes, enhancing customer convenience [5]. - This service includes features such as order tracking, anticipated arrival times, and SMS notifications, which are expected to support performance [5]. Group 5: Margin Expectations - The gross margin for the quarter is expected to be 40%, compared to 38.4% in the prior year [6]. Group 6: Earnings Prediction Model - The earnings prediction model indicates a likelihood of an earnings beat for Domino's, supported by a positive Earnings ESP of +0.24% and a Zacks Rank of 3 [7].
How To Earn $500 A Month From Domino's Pizza Stock Ahead Of Q4 Earnings
Benzinga· 2025-02-21 13:48
Core Viewpoint - Domino's Pizza is expected to report an increase in quarterly earnings and revenue in its upcoming financial results [1] Financial Performance - Analysts predict Domino's will report earnings of $4.91 per share for the fourth quarter, up from $4.48 per share in the same period last year [1] - The company projects quarterly revenue of $1.48 billion, compared to $1.4 billion a year earlier [1] Analyst Ratings - RBC Capital analyst Logan Reich has reiterated an Outperform rating for Domino's with a price target of $500 [2] Dividend Information - Domino's currently offers an annual dividend yield of 1.27%, translating to a quarterly dividend of $1.51 per share, or $6.04 annually [2] - To achieve a monthly income of $500 from dividends, an investor would need to own approximately 993 shares, equating to about $468,458 [3] - For a more conservative monthly income goal of $100, an investor would need 199 shares, or approximately $93,880 [3] Stock Price Movement - Domino's shares fell by 0.8% to close at $471.76 on Thursday [5]
What To Expect From Domino's Pizza Q4 Earnings?
Benzinga· 2025-02-20 18:46
Core Viewpoint - RBC Capital Markets analyst Logan Reich maintains an Outperform rating on Domino's Pizza Inc (DPZ) with a price target of $500, highlighting interest in U.S. demand trends and market share ahead of the fourth-quarter results on February 24 [1]. Group 1: Market Dynamics - The potential partnership with DoorDash, Inc. is under consideration, especially as Uber Technologies, Inc.'s exclusivity agreement is set to expire at the end of Q1 [2]. - DoorDash holds a significant market share in the U.S., approximately three times that of Uber, which could influence investor sentiment regarding demand [2]. - Domino's is expected to continue gaining market share due to its strong value positioning and marketing advantages over independent pizza businesses [3]. Group 2: Financial Estimates - The U.S. same-store sales estimate for Domino's in the fourth quarter has been lowered to 1.0%, down from the consensus estimate of 1.3%, reflecting softer category growth [4]. - As of the latest trading session, DPZ shares are down 1.14% to $469.93 [4].
Seeking Clues to Domino's Pizza (DPZ) Q4 Earnings? A Peek Into Wall Street Projections for Key Metrics
ZACKS· 2025-02-19 15:20
Core Viewpoint - Domino's Pizza (DPZ) is expected to report quarterly earnings of $4.95 per share, a 10.5% increase year-over-year, with revenues projected at $1.48 billion, reflecting a 5.4% year-over-year growth [1]. Earnings Estimates - The consensus EPS estimate for the quarter has been revised downward by 0.7% over the past 30 days, indicating a reassessment by analysts [2]. - Revisions to earnings projections are crucial for predicting investor behavior and are linked to short-term stock price performance [3]. Revenue Projections - Analysts estimate 'Revenues- U.S. franchise advertising' at $160.99 million, a 17.1% increase from the prior year [5]. - 'Revenues- U.S. Company-owned stores' are projected at $121.12 million, reflecting a 3.3% increase year-over-year [5]. - 'Revenues- Supply chain' is expected to reach $897.92 million, indicating a 4.8% increase from the previous year [6]. - 'Revenues- International franchise royalties and fees' are forecasted at $100.93 million, a 4.3% increase year-over-year [6]. Same Store Sales and Store Counts - 'Same store sales growth - U.S. Company-owned stores' is forecasted at 1.9%, down from 5.9% reported in the same quarter last year [7]. - Total U.S. store counts are estimated at 7,027, up from 6,854 in the same quarter last year [7]. - Total store counts are projected to reach 21,404, compared to 20,591 a year ago [8]. - International store counts are estimated at 14,378, up from 13,435 in the same quarter last year [8]. - U.S. Company-owned store counts are expected to reach 292, compared to 288 a year ago [8]. - U.S. Franchise store counts are projected at 6,735, up from 6,566 in the same quarter last year [9]. - Opened International stores are expected to reach 360, compared to 336 a year ago [9]. - Total U.S. stores opened are projected at 99, up from 95 in the same quarter last year [9]. Stock Performance - Over the past month, shares of Domino's Pizza have returned +11.5%, outperforming the Zacks S&P 500 composite's +4.7% change [10].
Domino's Pizza (DPZ) Earnings Expected to Grow: Should You Buy?
ZACKS· 2025-02-17 16:06
Core Viewpoint - Domino's Pizza (DPZ) is anticipated to report a year-over-year increase in earnings driven by higher revenues for the quarter ended December 2024, with a consensus outlook suggesting a positive earnings picture [1][3]. Earnings Expectations - The upcoming earnings report is scheduled for February 24, 2025, with expectations that better-than-expected results could lead to a stock price increase, while disappointing results may cause a decline [2]. - The consensus EPS estimate for Domino's Pizza is $4.95 per share, reflecting a year-over-year increase of +10.5%, with revenues projected at $1.48 billion, up 5.4% from the previous year [3]. Estimate Revisions - Over the last 30 days, the consensus EPS estimate has been revised down by 0.67%, indicating a reassessment by analysts [4]. - The Most Accurate Estimate for Domino's Pizza is higher than the Zacks Consensus Estimate, resulting in a positive Earnings ESP of +0.24%, suggesting a bullish outlook from analysts [10][11]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that a positive Earnings ESP reading is a strong predictor of an earnings beat, especially when combined with a Zacks Rank of 1 (Strong Buy), 2 (Buy), or 3 (Hold) [8]. - Domino's Pizza has a Zacks Rank of 3, which, along with the positive Earnings ESP, suggests a likelihood of beating the consensus EPS estimate [11]. Historical Performance - In the last reported quarter, Domino's Pizza exceeded the expected earnings of $3.71 per share by delivering $4.19, resulting in a surprise of +12.94% [12]. - The company has successfully beaten consensus EPS estimates in all of the last four quarters [13]. Industry Context - Texas Roadhouse (TXRH), another player in the Zacks Retail - Restaurants industry, is expected to report earnings of $1.66 per share for the same quarter, indicating a year-over-year change of +53.7% [17]. - Texas Roadhouse's consensus EPS estimate has remained unchanged, but a lower Most Accurate Estimate has resulted in a negative Earnings ESP of -0.86%, complicating predictions for an earnings beat [18].
Grabar Law Office is Investigating Claims On Behalf of Long-Term Shareholders of Extreme Networks, Inc. (NASDAQ: EXTR); Newmont Corporation (NYSE: NEM); Domino's Pizza Corp. (NASDAQ: DPZ); and Olaplex Holdings, Inc. (NASDAQ: OLPX)
Newsfilter· 2025-02-14 13:51
Group 1: Extreme Networks, Inc. (NASDAQ:EXTR) - Grabar Law Office is investigating claims on behalf of Extreme Networks shareholders regarding potential breaches of fiduciary duties by certain officers [1] - A securities fraud class action complaint alleges that Extreme Networks made false and misleading statements about its business and financial condition, including adverse client demand trends and misrepresentation of backlog orders [2][3] - The complaint indicates that Extreme Networks' backlog was decreasing at a faster rate than previously communicated to investors, contradicting statements that backlog would only begin to shrink in Q4 2023 [2] Group 2: Newmont Corporation (NYSE:NEM) - Grabar Law Office is investigating claims on behalf of Newmont Corporation shareholders concerning potential breaches of fiduciary duties by certain officers [4] - A securities fraud class action lawsuit alleges that Newmont provided misleading information regarding its fiscal results and financial outlook, particularly concerning gold production and cost management [5][6] - The complaint claims that Newmont's positive statements were made while concealing material adverse facts about its ability to deliver increased gold production and lower costs [7] Group 3: Domino's Pizza, Inc. (NASDAQ:DPZ) - Grabar Law Office is investigating claims on behalf of Domino's shareholders regarding potential breaches of fiduciary duties by certain officers [9] - A securities fraud class action complaint alleges that Domino's made materially false and misleading statements about its business operations, particularly concerning challenges faced by its largest master franchisee [10] - The complaint suggests that Domino's was unlikely to meet its long-term guidance for annual global net store growth, leading to overstated business and financial prospects [10] Group 4: Olaplex Holdings, Inc. (NASDAQ:OLPX) - Grabar Law Office is investigating claims on behalf of Olaplex shareholders regarding potential breaches of fiduciary duties by certain officers [12] - A securities fraud class action complaint alleges that Olaplex's IPO Offering Documents contained misleading statements and failed to disclose significant market pressures and competition [14][15] - The complaint highlights that a federal court found sufficient grounds for the allegations, particularly regarding omissions related to the EU ban on a key ingredient in Olaplex's product [16]
Best Stock to Buy Right Now: Domino's Pizza vs. McDonald's
The Motley Fool· 2025-02-13 09:50
Many people analyze a company's prospects in isolation. However, it's useful to compare stocks in the same sector to see which provides a better investment opportunity. To make the determination, you can consider various factors, including a company's prospects and valuation.Domino's Pizza (DPZ -0.55%) and McDonald's (MCD -0.84%) have become well-recognized companies. But which of these two consumer discretionary stocks deserves your investment over the other one? Domino's PizzaDomino's Pizza hasn't seen a ...
Delicious Deal Alert! Domino's® Launches Any Crust, Any Toppings for $9.99 Each
Prnewswire· 2025-02-10 12:07
Offer available Feb. 10-March 2ANN ARBOR, Mich., Feb. 10, 2025 /PRNewswire/ -- Domino's Pizza Inc. (Nasdaq: DPZ) is giving customers more of want they want: the most delicious food at a great price. The largest pizza company in the world is offering customers any crust, with any toppings, for $9.99 each when they order online between Feb. 10-March 2.Customers can choose from Hand Tossed, Handmade Pan, New York Style, Gluten Free or Crunchy Thin Crust as part of this deal. Domino's is offering customers ...
3 Reasons Domino's Pizza Stock Can Be a Good Long-Term Buy
The Motley Fool· 2025-02-05 10:18
Do you want a good dividend growth stock to buy? What about one that also has good growth prospects? If you want to check off both boxes, then one stock you'll want to consider is Domino's Pizza (DPZ 2.21%). The pizza chain has more than 21,000 locations over the world, spanning more than 90 markets, and it's still craving much more growth. The pizza company has been a great investment over the years. Here are three reasons why I'm confident that trend can continue over the long haul.1. The brand is a house ...