Why Is Domino's Pizza Trading Higher Today?
Portfolio Pulse from Vandana Singh
Domino's Pizza Inc (NYSE:DPZ) shares rose after Q4 2023 earnings exceeded expectations, with a raised dividend and a new share buyback plan. The company reported a Q4 EPS of $4.48, surpassing the $4.38 consensus, and sales of $1.40 billion, slightly below the $1.42 billion estimate. Revenue growth was driven by higher global franchise royalties and fees, despite a decrease in U.S. franchise advertising revenues and increased labor and insurance costs. U.S. same-store sales grew by 2.8%, and international by 0.1%. The quarterly dividend was increased by 25% to $1.51, and a $1 billion stock buyback was authorized. The company also reported a 4.9% global retail sales growth and confirmed its long-term guidance.

February 26, 2024 | 2:02 pm
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POSITIVE IMPACT
Domino's Pizza Inc shares increased after reporting Q4 2023 earnings above expectations, raising its dividend, and announcing a new share buyback plan.
The positive earnings report, increased dividend, and share buyback plan signal strong financial health and confidence from Domino's management, likely leading to increased investor confidence and a short-term positive impact on DPZ's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100