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
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