When Domino’s Pizza Inc. (NYSE: DPZ) reported its fourth-quarter financial results before the markets opened on Thursday, the company posted $2.62 in earnings per share (EPS) and $1.08 billion in revenue. The consensus estimates had called for EPS of $2.69 on $1.1 billion in revenue. The fourth quarter of last year reportedly had $2.09 in EPS and revenue of $891.511 million.
During the most recent quarter, same-store sales grew 5.6% in the United States and 2.4% internationally. Global retail sales growth totaled 9.5%.
The pizza chain had fourth-quarter global net store growth of 560 stores, comprised of 125 net new U.S. stores and 435 net new international stores. In fiscal 2018, the company opened 1,058 net new stores, comprised of 258 net new U.S. stores and 800 net new international stores.
Looking ahead to the next three to five years, the company expects to see global retail sales growth in the range of 8% to 12%. The consensus estimates for the current year are $9.55 in EPS and $3.78 billion in revenue.
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Ritch Allison, Domino’s CEO, commented:
I am pleased with our fourth quarter, which capped a very strong 2018 for Domino’s. Our long-game approach, driven by fundamentals and the finest franchisee base in QSR across the globe, continues to pace the industry – and we are excited to execute our global strategy in 2019 and beyond.
Shares of Domino’s closed Wednesday at $278.49, with a consensus price target of $295.67 and in a 52-week trading range of $218.00 to $305.34. Following the announcement, the stock was down about 6% at $261.00.
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