Domino’s franchisee checks see Q4 comps better than expected, says Loop Capital

Loop Capital analyst Alton Stump keeps a Hold rating and $370 price target on Domino’s Pizza but notes that his latest checks with U.S. franchisees suggest that Q4 same-store sales were better than expected. Stump adds that same-store sales accelerated from 5.0%-5.5% growth during the first ten weeks of the company’s Q4 to 6.0%-6.5% over the last six weeks of the year, which implies that comps grew 5.5%-6.0% for full Q4. This is ahead of his prior estimate for 5.0% growth, the analyst tells investors in a research note.