Domino’s Misses Wall Street Expectations in Q4 Earnings Report

Domino’s might have legions of fans who enjoy the affordable and omnipresent pizza chain’s offerings, but investors may find themselves a bit shaken by the company’s mixed Q4 2024 earnings report.

According to The New York Post, Domino’s shares fell by as much as 6% in early-morning trading on Feb. 24 following the release of the brand’s most recent financial update, although that dip lessened by market close (down only 1.46% to rest at $455.64).

Although the Post cited same-store sales as ticking upward by 0.4%, that figure fell short of Wall Street expectations of 1.63% growth, citing LSEG analysts. Yahoo! Finance had Wall Street projections concerning same-store sales growth pegged at 1.72%, and either way, expectations were left unmet.

Meanwhile, there was a bit of a silver lining attached to the earnings: International same-store sales jumped by 2.7%, outpacing projections of a 1.46% increase. Earnings per share (EPS) came in at $4.89, in line with expectations. Total revenue came in at $1.44 billion, versus $1.48 billion expected.

And as a bit of a silver lining, Domino’s recently beefed up its dividends. According to The Motley Fool, the red, white, and blue brand increased its dividend by 15% on Feb. 19, marking the 12th year in a row it has done so.

Domino’s CEO Upbeat Despite Mixed Q4 2024 Earnings

Despite the good news-bad news Q4 2024 earnings report coming from Domino’s, the company’s CEO retained a positive outlook over the pizza chain’s immediate future.

“Domino’s 2024 results demonstrated that our Hungry for MORE strategy can drive strong order count growth, even in the face of a challenging global macroeconomic environment,” said Russell Weiner, Domino’s CEO, via a press release.

“In our international business, we delivered a remarkable 31st consecutive year of same store sales growth, with our sales improving in the fourth quarter. In the U.S., leaning into our pillar of Renowned Value helped us once again generate meaningful market share growth in QSR Pizza. As we look ahead to 2025, I remain confident that Domino’s will continue to win and grow market share. This will increase our advantage as the #1 pizza company in the world, driving best in class results and long-term value creation for franchisees and shareholders,” he added.