Domino's Pizza’s same-store sales grew at the slowest pace in four years, and the pizza chain reported lower-than-expected earnings for the fourth quarter.
The company’s earnings for the quarter increased +25% year over year to touch $2.62, but fell short of Wall Street consensus estimate of $2.69 per share. Its same-store sales in the U.S. rose +3.6%, lagging behind the consensus estimate of +6.6%. Domino’s group revenues grew +13% to $1.08 billion, missing the consensus forecast of $1.1 billion.
The company hiked its quarterly dividend by 18% to 65 cents a share, which is scheduled for payment for March 29 to shareholders of record on March 15.