Domino's Posts Better-Than-Expected Earnings on Delivery and Carryout Strength, Though International Expansion Faces Headwinds
• Domino's reported better-than-expected 4Q earnings, beating estimates for bottom-line and same-store sales growth
• Carry-out and delivery transactions have driven positive growth, accelerating before Uber Eats partnership
• Uber Eats deal offers more potential growth in 2024 as it's largely untapped
• Overseas headwinds like economic slowdown and geopolitical tensions are negatively impacting expansion
• Focus is on strong US business and growth, overcoming past challenges there in recent years