Today, Domino’s Pizza shares experienced a slight increase in premarket trading after the company announced its Q4 and FY 2024 financial results.
Domino’s Q4 revenue reached $1.44 billion, reflecting a gain of $40.9 million, primarily fueled by increased supply chain and U.S. franchise advertising revenues.
The company’s Q4 retail sales growth was 4.4% and 5.9% for FY fiscal 2024.
Russell Weiner, Domino’s CEO informed shareholders, “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 … In the U.S., leaning into our pillar of Renowned Value helped us once again generate meaningful market share growth in QSR Pizza.”
Moving forward, Weiner said, “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.”
The latest release follows Domino’s announcement last week that CFO Richard Coney is retiring after 30 years of service. Coney will be succeeded by George Saoud.
By CEO NA Editorial Staff
