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Domino'sPizza (DPZ) - Get Domino's Pizza, Inc. Reportas expected, just took another bite out of its competition, as the company reported a 2016 fourth-quarter and full-year earnings beat.

After a disastrous fourth-quarter earnings season for several pizza chains, Domino's reported fourth-quarter earnings of $1.48 a share on $819 million in revenue before Tuesday's market open, higher than the earnings of $1.44 a share on $782 million in revenue that analysts surveyed at Factset expected. 

For the full year, the company reported earnings of $4.30 a share on revenue of $2.56 billion.

Shares of Domino's spiked 2.34% to $189.75 early today.

Domino's also reported a 12.2% domestic same-stores sales growth for the quarter with a 10.5% rise for the year.

On an earnings call this morning, Domino's CEO Patrick Doyle said its same-stores sales increase can be attributed to its unmatched digital growth, plus a record opening of restaurants. In 2016, the company opened 1,110 stores globally, representing the opening of one restaurant every seven hours, "the highest in our history."

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"I am confident our people remain focused on the future rather than the past...our digital lead remains unquestioned and our innovative ordering platforms unmatched," Doyle said.

In a recent research note, BTIG analysts said they expected Domino's to benefit this quarter from a competitive advantage over its rival pizza chain operators. Yum! Brands (YUM) - Get Yum! Brands, Inc. Report posted a revenue miss due to Pizza Hut's 2% same-store sales decline, while the company's comparable store sales rose 3% at KFC and Taco Bell.

Papa John's reported weak fourth-quarter revenue of $439.6 million, compared to Wall Street's anticipation of $447 million. In addition, its system-wide same-store sales in North America climbed only 3.8%, missing estimations for a 5.9% growth.

Domino's leads the pack with its digital offerings. The company generated 60% of its U.S. sales from mobile devices in 2016. Millennials and Gen Xers are increasingly turning to the convenience of online buying. Now it's clear that when consumers wanted to order pizzas from the comfort of their couches during Super Bowl LI, Domino's was the top choice: they had the option of ordering with their smartphone or through Twitter (TWTR) - Get Twitter, Inc. Report . On Feb. 7, 113.7 million viewers tuned in to watch the New England Patriots clinch the Super Bowl.

Doyle said on Tuesday's call that Domino's will continue its "competitive" approach to digital growth, not only in the U.S., but internationally in 2017, with plans to increase e-commerce investments. The company anticipates spending $75 million on growth capital in 2017, with a primary focus on investing capital in its technology capabilities.

"Direct partnerships with global technology leaders, Apple (AAPL) - Get Apple Inc. Report , Amazon (AMZN) - Get Amazon.com, Inc. Report , Google (GOOGL) - Get Alphabet Inc. Class A Report and Facebook (FB) - Get Meta Platforms Inc. Class A Report , to name a few" helped Domino's gain customers on its digital loyalty program, which is "easy to join and even more easy to understand," Doyle said.

Meanwhile, on Feb. 15, Domino's board of directors declared a 46-cents-a-share quarterly dividend, 21.1% higher than the previous quarterly dividend, for shareholders of record as of March 15.

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