Domino’s Pizza beats Wall Street 4Q forecasts
Ann Arbor — Domino’s Pizza Inc. on Thursday reported fourth-quarter earnings of $62.8 million.
On a per-share basis, the Ann Arbor-based company said it had profit of $1.18. Earnings, adjusted for non-recurring gains, were $1.15 per share.
The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.13 per share.
The pizza chain posted revenue of $741.2 million in the period, also surpassing Street forecasts. Five analysts surveyed by Zacks expected $698 million.
For the year, the company reported profit of $192.8 million, or $3.47 per share. Revenue was reported as $2.22 billion.
Domino’s Pizza shares have climbed roughly 6 percent since the beginning of the year. The stock has increased 14 percent in the last 12 months.
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