Ann Arbor / MG. (dp) Domino’s Pizza Inc., the largest pizza company in the world based on global retail sales, announced results for the fourth quarter and fiscal 2020, comprised of growth in global retail sales, same store sales and earnings per share. Global retail sales increased 21.7 percent in the fourth quarter, or 20.9 percent excluding the positive impact of foreign currency. Global retail sales increased 12.5 percent in fiscal 2020, or 13.2 percent excluding the negative impact of foreign currency. Global retail sales were benefited in the fourth quarter and fiscal 2020 by the inclusion of an extra, or 53rd week. Global retail sales increased 12.0 percent in the fourth quarter, excluding the positive impact of foreign currency and the impact of the 53rd week. Global retail sales increased 10.4 percent in fiscal 2020 excluding the negative impact of foreign currency and the positive impact of the 53rd week.
U.S. same store sales grew 11.2 percent during the quarter and 11.5 percent for the full year, continuing the positive sales momentum in the Company’s U.S. stores business. The international business also posted positive results, with same store sales growth of 7.3 percent during the quarter and 4.4 percent for the full year. The fourth quarter marked the 108th consecutive quarter of international same store sales growth and the 39th consecutive quarter of U.S. same store sales growth. The Company had strong fourth quarter global net store growth of 388 stores, comprised of 116 net U.S. store openings and 272 net international store openings. In fiscal 2020, the Company had 624 net store openings, comprised of 229 net U.S. store openings and 395 net international store openings.
Fourth quarter diluted EPS was USD 3.85, up 23.4 percent over the prior year quarter. Fiscal 2020 diluted EPS was USD 12.39, up 29.6 percent over the prior year. Diluted EPS for both the fourth quarter and fiscal 2020 was positively impacted by the inclusion of the 53rd week, and diluted EPS for both the fourth quarter and fiscal 2019 was negatively impacted by expenses associated with the Company’s November 2019 recapitalization transaction. Fourth quarter diluted EPS, as adjusted, was USD 3.46, up 10.5 percent over the prior year quarter diluted EPS, as adjusted, of USD 3.13. Fiscal 2020 diluted EPS, as adjusted, was USD 12.01, up 25.5 percent over the prior year diluted EPS, as adjusted, of USD 9.57.
During the fourth quarter of 2020, the Company repurchased and retired 567,807 shares of its common stock in open market repurchases under its Board of Directors-approved share repurchase program for approximately USD 225.0 million. Subsequent to the fourth quarter and through February 18, 2021, the Company repurchased and retired an additional 65,870 shares of common stock for a total of approximately USD 25.0 million. On February 24, 2021, the Company’s Board of Directors authorized a new share repurchase program to repurchase up to USD 1.0 billion of the Company’s common stock. This repurchase program replaces the remaining availability of approximately USD 76.6 million under the Company’s previously approved USD 1.0 billion share repurchase program.
On February 24, 2021, the Company’s Board of Directors declared a quarterly dividend of USD 0.94 per common share payable on March 30, 2021 to shareholders of record at the close of business on March 15, 2021. This represents an increase of 20.5 percent over the previous quarterly dividend amount.
«We celebrated our 60th year as a company in 2020, and while it was a challenging year in so many ways, it was also a year that saw the Domino’s brand rise to the occasion all over the world,» said Ritch Allison, Domino’s Chief Executive Officer. «We led with our values first and delivered an outstanding year of growth and financial performance. This past year, a year like none other, reminded me once again that Domino’s has the best group of global franchisees and team members in the restaurant business.» For additional information please read the company’s PDF file below (206 KB).20210226-DOMINOS-Q4-2020