08:38 AM EST, 02/24/2025 (MT Newswires) -- Domino's Pizza (DPZ) reported higher fiscal fourth-quarter results year over year on Monday but the result fell short of market estimates as same-store sales growth in the US decelerated.

The pizza restaurant chain's net income came in at $4.89 a share for the quarter ended Dec. 29, up from $4.48 the year before, but below the FactSet-polled consensus of $4.93. Revenue improved 2.9% to $1.44 billion, but missed the Street's view for $1.48 billion. The stock fell 4.4% in premarket activity.

Higher revenue from its supply chain and franchise advertising in the US helped drive the topline result, according to the company. Supply chain revenue growth was boosted by a 4.4% increase in the group's food basket pricing to stores and higher order volumes, Domino's said.

US same-store sales edged up 0.4%, compared with the 2.8% increase logged in the 2023 quarter. International same-store sales, excluding the impact of foreign exchange, advanced 2.7%, accelerating from a 0.1% rise a year ago.

"In our international business, we delivered a remarkable 31st consecutive year of same store sales growth, with our sales improving in the fourth quarter," Chief Executive Russell Weiner said in a statement. "In the US, leaning into our pillar of renowned value helped us once again generate meaningful market share growth in (quick-service restaurant) pizza."

Domino's saw global growth of net 364 stores in the quarter, with 84 openings in the US and 280 branches internationally. Global retail sales inclined 4.4%, excluding foreign currency.

"Domino's 2024 results demonstrated that our hungry for more strategy can drive strong order count growth, even in the face of a challenging global macroeconomic environment," Weiner said. "As we look ahead to 2025, I remain confident that Domino's will continue to win and grow market share."

The company said its board of directors last week approved a 15% increase in its quarterly dividend to $1.74 per share. The new dividend is payable March 28 to shareholders of record as of March 14.