Domino's Pizza: Q4 Earnings Preview and Analyst Insights

Earnings Expectations:

* Adjusted EPS: $4.93 vs. $4.48 prior year
* Revenue: $1.48 billion vs. $1.4 billion prior year
* US Same-Store Sales Growth: 1.72% vs. 2.8% prior year

Analyst Commentary:

* Citi: Shares have rebounded from a potentially weak fourth quarter and start to the first quarter.
* Stifel: Franchisee Domino's Pizza Enterprises' planned closure of unprofitable locations could impact global net unit growth.
* TD Cowen: Domino's leads the industry in value perception and recently gained the endorsement of Warren Buffett's Berkshire Hathaway.

Fiscal 2024 Expectations:

* Adjusted EPS: $16.70 vs. $14.66 prior year
* Revenue: $4.74 billion vs. $4.48 billion prior year
* US Same-Store Sales Growth: 3.63% vs. 1.60% prior year

Growth Drivers:

* Expanding third-party delivery services to DoorDash
* Menu innovation, including stuffed crust pizza
* Enhancements to loyalty program, app, and website
* Value platforms

Key Challenges:

* International unit growth challenges
* Closure of unprofitable franchise locations

Market Performance:

* Year-to-date gain of 12%, outperforming the S&P 500's 4%
* One-year gain of 13%, lagging the S&P's 23% return