The following is a summary of the Domino’s Pizza, Inc. (DPZ) Q4 2023 Earnings Call Transcript:

Financial Performance:

Domino’s reported positive U.S. same-store sales and transaction growth in both delivery and carryout in Q4.
The company added 168 net new stores in 2023, surpassing expectations and increasing estimated average franchisee profitability per store to $162,000.
Q4 global retail sales grew 4.9%, driven by positive U.S. comps and global store growth.
Domino’s saw a decline of 1.6 percentage points in the U.S. company-owned store gross margin in Q4
Q4 income from operations increased by $8.4 million or 3.4%, and was up approximately 10% for the full year.
The Company increased its dividend by 25% and share repurchase authorization by $1 billion.

Business Progress:

Domino’s grew their rewards program by 3 million active members in 2023, reaching approximately 33 million active members by the end of the year.
The company executed its ‘Hungry for MORE’ strategy, emphasising food quality, operational excellence, value, and franchisee quality.
Domino’s relaunched pan pizza advertising for the first time since 2014 and implemented product training sprints for improved food consistency.
The company expanded its delivery partnership with Uber and made improvements on their loyalty program.
In 2023, the addition of over 60 new franchisees promoted system growth. For 2024, the company expects an active pipeline of 170 potential new franchisees.
Domino’s plans a modest price increase in the low-single digits in 2024 in the U.S. to offset wage impacts from AB 1228.
The company guides for 7% or more of global retail sales growth excluding foreign currency impact, net store growth of 1,100 or more (175 in the U.S., 925 internationally), and an 8% or more YoY increase in operating income for 2024.
Domino’s plans to grow supply chain margin dollars in line with transaction growth throughout 2023.