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Domino’s stock jumps 25% as the pizza chain reports strong fourth quarter earnings
Joanna Fantozzi
As third-party delivery continued to domineer the restaurant industry in 2019, Domino’s Pizza, Inc. stood fast to its strict in-house delivery-only policies. Although they are in a small minority, the anti-aggregators strategy appears to be working in their favor for now.
The Ann Arbor, Mich.-based pizza chain reported yet another strong quarter of earnings for the fourth quarter of 2019, ended December 29, 2019, with same-store sales growth of 3.4% in the U.S., with 3.2% growth for FY 2019, and 1.7% same-store sales growth internationally, with 1.9% growth for FY 2019. Same-store sales improvement was driven by ticket and order growth.
After a shaky first few quarters of 2019 in which Domino’s appeared to falter in the fa...
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