Nation’s Restaurant News named Domino’s one of the fastest growing chains of 2018. Let’s see what their plans are for this year…
Domino’s Pizza, Inc. grew domestic same-store sales 5.6 percent for the fourth quarter ended Dec. 30th 2018.
The quarter marked the 31st consecutive quarter of same-store sales growth. Fourth quarter international same-store sales grew 2.4 percent.
Revenues for the quarter increased 21.4 percent to $1.08 billion. Net income was $111.6 million or $2.62 earnings per share, up 19.6 percent.
They have been working with franchisees to figure out how to grow tickets and not just raise prices willy-nilly across the board.
Company CFO Jeff Lawrence attributed a significant portion of traffic gains to value-based promotions like the brand’s Piece of the Pie loyalty rewards program.
This year they have dominant strategy of fortressing, or increasing the number of restaurants in the same market to cut down on driving and customer wait times.
Domino’s also confirmed that it will be heavily investing in international unit growth.
As of Dec. 30, Domino’s Pizza has 15,914 locations globally.
For the fiscal year ended Dec. 30, Domino’s posted revenue of $3.4 billion, up 18 percent from $2.8 billion the previous fiscal year. Net income for the fiscal year rose 23.2 percent to $3.62 billion.