Summary Box: Domino’s Pizza credits new pie recipe with strong 4th-quarter results
By APTuesday, March 2, 2010
Summary Box: Domino’s recipe boosts results
NEW RECIPE: Domino’s credits its new pizza recipe for its fourth-quarter success. The revamped pie has a more seasoned sauce, a new cheese combination and herb- and garlic-flavored crust.
STRONGER RESULTS: Domino’s profit more than doubled during the quarter. It earned $23.6 million, or 41 cents per share. Removing one-time items, the company’s profit was 30 cents per share. Sales rose 8 percent to $462.9 million.
WHAT’S AHEAD: It remains to be seen if Domino’s sales bounce is permanent or just a result of customers trying something new.
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