US pizza delivery firm Domino’s Pizza has reported higher fourth-quarter net income, boosted by higher sales.
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The company reported net income of US$27.0m, or 38 cents per share, for the fourth quarter to 2 January, compared to $21.3m, or 33 cents per share, for the year-ago period. For the full year, net income rose to $62.3m from $39.0m in the previous year.
Total revenues rose to $478.5m from $433.0m for the fourth quarter, while for the full year revenues rose to $1.45bn from $1.33bn in the previous year.
Global retail sales were up 14.4% for the fourth quarter of 2004 and 10.5% for the full year, driven by increases in global store growth and strong international same store sales results. Included in the fourth quarter of 2004 was an extra week compared to 2003 which favourably impacted global retail sales by approximately six percentage points in the fourth quarter and two percentage points for the full year.
David Brandon, chairman and chief executive said the company planned to continue its earnings growth by driving both domestic and international store growth, increasing same-stores sales, improving the operating margins of company-owned stores, and further debt reductions.
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