Workflow
Domino's Pizza® Announces Fourth Quarter and Fiscal 2024 Financial Results
DPZDomino’s Pizza(DPZ) 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 1.74pershare,reflectingconfidenceinthecompany′sfinancialhealth[1][8]FinancialPerformance−Totalrevenuesforthefourthquarterof2024were1.74 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 1,403.0millioninthefourthquarterof2023[6][29]−Netincomeforthefourthquarterincreasedby7.71,403.0 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 157.3millioninthesamequarterofthepreviousyear[6][12]−Dilutedearningspershareroseto157.3 million in the same quarter of the previous year [6][12] - Diluted earnings per share rose to 4.89, a 9.2% increase from 4.48inthefourthquarterof2023[6][12]OperationalHighlights−Thecompanyexperiencedaglobalnetstoregrowthof364storesinthefourthquarterand775storesforfiscal2024[1][4]−U.S.Company−ownedstoregrossmarginimprovedto15.54.48 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 327.0millionduringfiscal2024[9]−AsofDecember29,2024,Domino′shadaremainingauthorizedamountforsharerepurchasesof327.0 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]