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Domino’s profits fall 22% in 4-Q

ANN ARBOR Mich. Domino’s Pizza posted a 22.8 percent drop in net income, $31 million, for the fourth quarter of 2006. Net income fell 1.9 percent for the full year, to $106.2 million, the company said.

Domino’s attributed the declines to the fourth-quarter sale of an equity investment in the company’s master franchisee in Mexico, along with 2006 interest expense increases.

Revenues decreased 4.8 percent for the fourth quarter, to $435.3 million.

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