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Domino’s 4Q same-store sales rise 10.7%

Pizza chain’s stock hits all-time high after reporting no ill effects from competition

Domino’s Pizza Inc. stock hit an all-time high on Thursday after reporting a domestic same-store sales increase of 10.7 percent in the fourth quarter ended Jan. 3.

The sales surge, capping a year in which U.S. same-store sales grew 12 percent, came despite improvement at competitor Pizza Hut, as well as other chains, and a broad-based focus on discounting in the pizza sector and at quick-service restaurants.

“That was an outstanding year,” Domino's CEO Patrick Doyle sa

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