Oct. 24, 2004
ANN ARBOR, Mich. —Domino's Pizza, Inc. posted impressive results for its third quarter, ended Sept. 5, 2004.
According to a regulatory filing, domestic same-stores sales rose 8 percent for the period (made up of a 6.8 percent increase at company-owned units and an 8.2 percent increase at franchised units). International comp sales increased 5.9 percent on a constant dollar basis.
Total revenues for the quarter were $325 million, compared to $293 million last year. Net income was about $1 million, compared to a loss of $18 million in the comparable period in 2003.
For the first three quarters of 2004, revenues were $968 million and net income was $17.6 million. Domestic comps were up 2.9 percent and international comps were up 5.8 percent on a constant-dollar basis.
The company added a net 73 stores during the quarter.
"We achieved a 12 percent increase in global retail sales versus last year's third quarter," said David A. Brandon, Chairman and CEO. "This was our strongest quarterly sales performance in several years."
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