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Fourth-quarter profit rises

Tuesday, Feb. 22, 2005 | 9:24 a.m.

Domino's Pizza Inc., a pizza delivery chain that went public last year, said net income in its fiscal fourth quarter rose as distribution sales and cheese prices climbed.

Net income rose to $27 million, or 38 cents a share, in the quarter ended Jan. 2, from $21.3 million, or 33 cents, a year earlier, the Ann Arbor, Mich.-based company said in a statement. Revenue rose 11 percent to $478.5 million.

Domino's said its domestic distribution sales, which include the sale of cheese and other products to franchisees, gained about 11 percent, to $262.8 million. The average cheese price per pound rose 5.2 percent, to $1.61, from a year earlier.

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