Domino's Pizza Goes Bold With Its New Chicken Menu Offering
Earlier this week, Domino's Pizza announced a new deal with Taste Holdings to bring the Domino's brand to seven countries located in southern Africa. The 15-year deal also includes provisions to add stores to two additional countries in the region, bringing the total to nine, and bumping Domino's global footprint to include 80 countries. To get things started, Taste Holdings will convert 125 current pizza stores under other brands to the Domino's name and begin rapidly opening stores throughout the region.
Fiscal 2013 revenue increased 7.4% to $1.8 billion. Same-store sales increased 5.4% in the United States and 6.2% in international markets. Same-store sales continue to increase for Domino's. The fourth quarter marked the 20th consecutive quarter of same store sales growth. Store remodels and new product offerings continue to contribute to these increases.
Shares of Domino's had an impressive 2013, with an increase of over 50%. To date in 2014, shares are up only 7%. With the store remodels and new product offerings set to drive net sales and same-store sales, investors would be wise to start accumulating shares now.
Domino's is the best in the pizza industry and continues to win market share and dominate takeout market.At the time of publication, the author held no positions in any of the stocks mentioned. Follow @chriskatje This article represents the opinion of a contributor and not necessarily that of TheStreet or its editorial staff.