Why Is Domino’s Pizza Trading Higher Today?



Monday, Domino’s Pizza Inc (NYSE:DPZ) shares are trading higher after the company’s fourth quarter 2023 earnings surpassed Wall Street expectations, raised its quarterly dividend, and announced an additional share buyback plan.

The pizza chain reported fourth-quarter EPS of $4.48, beating the consensus of $4.38.

The company reported sales of $1.40 billion, a slight improvement from $1.39 billion, marginally below the consensus estimate of $1.42 billion.

Revenues growth was primarily due to higher global franchise royalties and fees, resulting from global retail sales growth (excluding foreign currency …

Full story available on Benzinga.com


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