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00:02Domino's Pizza beat Wall Street estimates for fourth quarter U.S. same-store sales
00:06as value promotions and new menu items drove demand, according to Reuters.
00:11The company reported fourth quarter U.S. same-store sales growth of 3.7%,
00:16topping estimates of 3.47% as promotions and new menu items drove demand.
00:23Consumers, particularly lower-income households,
00:25are choosing home-cooked meals over dining out as they cut spending amid rising prices for groceries
00:31and other essentials. Domino's is expanding promotions, relaunching its $9.99 best deal ever
00:38and introducing new flavors and items, such as Parmesan-stuffed crust pizza, to attract customers.
00:44CEO Russell Wiener said the company expects to increase U.S. market share this year.
00:48International same-store sales increased 0.7%, below estimates of 1.03%,
00:55amid weak demand and competition in Australia and Japan.
00:59Domino's expanded its reach through partnerships with delivery firms, including DoorDash.
01:04Shares were up about 5% in pre-market trading on Monday.
01:07For all things money, visit Benzinga.com.
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