Domino's Q4 2023 Earnings Report
Key Takeaways
Domino's Pizza, Inc. announced positive results for the fourth quarter of 2023, with global retail sales growth of 4.9% (excluding foreign currency impact) and U.S. same store sales growth of 2.8%. The company's 'Hungry for MORE' strategy is delivering results, with positive U.S. transactions and same store sales growth.
Global retail sales growth (excluding foreign currency impact) was 4.9%.
U.S. same store sales grew by 2.8%.
International same store sales growth (excluding foreign currency impact) was 0.1%.
The Board of Directors approved a 25% increase in the quarterly dividend to $1.51 per share and an additional $1.0 billion share repurchase program.
Domino's
Domino's
Domino's Revenue by Segment
Domino's Revenue by Geographic Location
Forward Guidance
The Company hosted its Investor Day on December 7, 2023, and announced the following long-term guidance metrics that the Company continues to expect to achieve. Annual global retail sales growth and annual income from operations growth exclude the impact of foreign currency.
Positive Outlook
- 7%+ Annual global retail sales growth
- 1,100+ Annual global net store growth
- 8%+ Annual income from operations growth
Revenue & Expenses
Visualization of income flow from segment revenue to net income