Domino’s blames higher interest costs for 48% drop in 4th-Q net

ANN ARBOR Mich. Domino’s Pizza Inc. said a near doubling of interest expense and cautious consumer spending were to blame for the company’s 48-percent drop in profit for the fourth quarter.

Net income fell to $16.2 million, or 26 cents per share, for the quarter ended Dec. 30, from $31 million, or 49 cents a share, for the same quarter a year earlier. The company reported on Tuesday that it earned 21 cents per share for the latest quarter when excluding debt

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