Domino’s Pizza, Inc. (NYSE:DPZ), the recognized world leader in pizza delivery, today announced results for the second quarter of 2017, comprised of strong growth in same store sales, global store counts and earnings per share.
Second Quarter Highlights:
Global retail sales: $2.7 billion, with over $1.3 billion in the U.S. and nearly $1.4 billion internationally.
Net income: UP 33.3% to $65.7 million from the same period a year ago primarily driven by an increase in same store sales growth and store count as well as higher supply chain volumes and lower food costs.
Diluted earnings per share: UP 34.7% to $ 1.32 driven by the increase in net income, as well as lower diluted share count, primarily as a result of the share repurchases made during the trailing four quarters.
Revenues: UP 14.8% due primarily to higher supply chain revenues from increased volumes and also from higher same store sales and store count growth in both our domestic and international markets
Domestic same store sales: UP 9.5% which represents the 25th consecutive quarter of positive sales momentum in the Company’s domestic business. (The Company uses “Same store sales growth,” which is calculated by including only sales from stores that also had sales in the comparable period of the prior year.)
International same store sales: UP 2.6% marking the 94^th consecutive quarter of positive international same store sales growth. (International same store sales growth is calculated similarly to domestic same store sales growth. Changes in international same store sales are reported excluding foreign currency impacts, which reflect changes in international local currency sales.)
Global net store growth: UP 17% (+217 stores – 39 net new domestic stores and 178 net new stores internationally). The Company has added 1,281 net new stores over the trailing four quarters and now has 5,399 stores domestically and 8,601 internationally for a total of 10,000 stores. (The Company believes global retail sales information is useful in analyzing revenues because franchisees pay royalties that are based on a percentage of franchise retail sales.)
