Domino's Pizza Smashes Expectations for the Fourth Quarter
Domino's Pizza (NYSE: DPZ) handily beat estimates for sales and earnings when it reported fourth-quarter results on Thursday. The stock was up 17% in pre-market trading.
The shares have been one of the better performing restaurant stocks in recent years, but 2019 saw competition from third-party deliverers (Uber Eats) pressure comparable store sales. The better-than-expected fourth quarter provided much-needed validation for Domino's "fortressing strategy."
Image source: Domino's Pizza.
Source Fool.com
