Domino’s Pizza (DPZ) up 26% on sales beat

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Domino’s Pizza (NYSE: DPZ) the largest pizza company in the world announced fourth quarter fiscal 2019 results. Global retail sales for the quarter increased by 6.9%. The company saw global retail sales growth of 8.0% for the fiscal 2019 year.

U.S. same store sales were 3.4% for the quarter, and 3.2% for the fiscal 2019 year. International same stores sales grew 1.7% for the quarter, and 1.9% for the fiscal 2019 year.

The fourth quarter marked the 104th consecutive quarter of international same store sales growth and the 35th consecutive quarter of U.S. same store sales growth.

The company saw tremendous growth in the fourth quarter for global net store growth. They added 492 new stores, 141 net new stores and 351 net new international stores.

Diluted EPS for the fourth quarter was $3.12, up 19.1% year-over-year. Diluted EPS for the fiscal 2019 year was $9.56, up 14.5% year-over-year.

Buyback Program

During the fourth quarter of 2019, the company repurchased and retired 2,063,378 shares of its common stock in open market repurchases under its Board of Directors. The share repurchase program was worth approximately $593.9 million.

Domino’s Declare Dividend To Shareholders

The Board of Directors declared a $0.78 per share quarterly dividend for shareholders of record to be paid on March 30, 2020. This represents a 20% increase of the previous quarterly dividend amount.

Company Statement

Ritch Allison, CEO said in a statement: “I am extremely proud of the accomplishments of our franchisees and our team members from around the world, not just in the fourth quarter, but throughout all of 2019”

For more information,

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