NEW YORK - Domino's Pizza a chain restaurant with over 9600 stores reported its fourth quarter profit today. Net income declined from 41 cents a share or $23.6 million to 40 cents a share or $24.2 million. Net income was higher but EPS was lower due to a higher amount of average shares for the company. Revenue rose 4% year over year to $479 million from $462.Full year profit improved to $87 million from $79 million.
The company has negative shareholders equity of $1.2 billion which means that shareholders are unlikely to be paid dividends until they have positive equity. If the company continues to grow at its current rate of growth of 4% a year then it would expect the company to reach positive equity in 11 years. Domino's Pizza paid a $15 dividend in 2007 which has limited the value of its common stock. Despite this, the shares of the company have continued to roar higher over the last year.
To see the full Domino's report click here.
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