Global retail sales increased by 6.5% in the fourth quarter, while US same-store sales grew 5.6% from a year ago.
Despite a recent cut in estimates, the Street still expected the company to earn $2.65-a-share on revenue of $1.09 billion.
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In the three-month period, Domino’s Pizza had global net store growth of 560 stores — comprising 125 net new US stores and 435 net new international stores.
LOOKING FORWARD
Domino’s Pizza reaffirmed its three to five-year outlook with global retail sales to grow 8% to 12%, with US same-store growth of 3-6%.
International same-store sales is expected to rise by 3-6%. Net unit growth is estimated from 3% to 6%.
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