Domino's Pizza posts same-store sales below estimates

(Reuters) - Domino's Pizza Inc on Tuesday reported a rise in fourth-quarter same-store sales and revenue, but the growth was not enough to top analysts' estimates.

Same-store sales at company-owned outlets in the United States rose 3.8 percent, while those at its franchise stores were up 4.2 percent.

Analysts' had expected same-store sales to rise 5.93 percent at company-owned U.S. stores and 6 percent at its franchise stores, according to Thomson Reuters I/B/E/S.

Same-store sales in its international business rose 2.5 percent, but missed analysts' expectations of 5.4 percent.

Revenue rose 8.8 percent to $891.5 million, missing analysts' estimates of $906.4 million.

 

Net income rose to $93.3 million, or $2.09 per share, in the fourth quarter ended Dec. 31 from $72.7 million, or $1.48 per share, a year earlier.

The company recorded global net store growth of 422 stores in the quarter, including 96 domestic stores and 326 international stores.

(Reporting by Nivedita Balu in Bengaluru; Editing by Anil D'Silva)