Domino's Mixed Q4 Results and Dividend Increase

Domino's Pizza Inc. reported a mixed performance for the fourth quarter of FY24, showing a 2.9% increase in sales year-on-year to $1.44 billion, falling short of the $1.48 billion analyst consensus. The company's earnings per share (EPS) were $4.89, slightly missing the expected $4.90. U.S. same-store sales rose 0.4%, underperforming the 1.63% expected increase, while international same-store sales rose 2.7%. Despite missing revenue and earnings expectations, Domino’s CEO Russell Weiner highlighted the effectiveness of the 'Hungry for MORE' strategy in driving growth amid economic challenges. The company declared a 15% increase in its quarterly dividend, reflecting confidence in its long-term strategy. Following the report, Domino's shares fell in premarket trading amid stiff competition and consumer spending constraints.