Domino's Pizza Inc on Thursday reported quarterly U.S. same-store sales and...
) on Thursday reported quarterly U.S. same-store sales and profit above analysts’ estimates, as its focus on faster delivery and new promotions to lure diners paid off, sending shares up nearly 20%.
Sales at its established U.S. restaurants rose 3.4% in the fourth quarter, beating estimates for the first time in over a year. Analysts had projected a rise of 2.3%, according to IBES data from Refinitiv. As third-party delivery services make it easier for diners to order a variety of food to their door step at the touch of a button, chains like Domino’s have been investing heavily to keep customers coming back for their fast service and offers.
“Our relentless focus on our customers, our franchisees ... helped us deliver a solid 2019 in the face of unique competitive headwinds,” Chief Executive Officer Ritch Allison said.
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