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Domino's Pizza delivered better-than-expected results in the fourth quarter despite increasing competition from food-delivery companies like DoorDash.
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The Ann Arbor, Michigan-based company — which has 17,000 stores worldwide — said Thursday that its fourth-quarter earnings rose 16% to $129.3 million. Adjusted for one-time items, the company earned $3.13 per share, beating Wall Street's forecast of $2.98 per share, according to analysts polled by FactSet.
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Domino's U.S. same-store sales — or sales at locations open at least a year — rose 3.4% for the quarter, which also beat analysts' forecast for 2.4% growth. Still, it was the fifth consecutive quarter that Domino's same-store sales were lower than the prior year. It reported 6.7% same-store sales growth in the fourth quarter of 2018.