Domino’s Pizza Inc (NYSE: DPZ) reported better-than-expected fourth-quarter earnings on Monday.
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, according to data from Benzinga Pro.
U.S. company-owned store gross margin decreased by 1.6 percentage points in the fourth quarter of 2023 as compared to a year ago, primarily due to higher labor costs as a result of higher wage rates, higher insurance costs, and the increase in the loyalty ...