ANN ARBOR, Mich. -- Domino's Pizza announced record results for fiscal year and fourth quarter 2001 (ended Dec. 30).
Included in the company's performance were record earnings and strong same-store sales growth.
System-wide sales were up 6.8 percent to $3.79 billion, net income grew 46 percent to $36.8 million, and earnings before interest, taxes, depreciation and amortization (EBITDA) jumped 10.1 percent a $162.2.
Domestic same-store sales were up 4 percent, comprised of a 7.3 percent rise in corporate store sales and a 3.6 percent increase in franchise store sales. International same-store sales were up 6.4 percent, on a constant dollar basis.
"Our results confirm we're right on track, both in terms of our brand message, and how we have improved the consistency and quality of our store operations," said Dave Brandon, chairman and CEO of Domino's. "We challenged our entire system to improve, and our results ... demonstrate the progress we are making."
In the fourth quarter, when both Pizza Hut and Papa John's suffered same-store sales drops, Domino's domestic same-store sales were up 5.8 percent. Its international same-store sales also were up 5.1 percent on a constant dollar basis. System-wide sales also rose 7.4 percent during the period.