Domino's posts record results for first-quarter '02

 
May 6, 2002

ANN ARBOR, Mich. -- Domino's, Inc., posted record results for the first quarter of 2002.

Net income for the period, which ended March 24, increased 103.7 percent to $15.9 million, and system-wide sales rose 7.9 percent to $947.6 million.

Earnings before interest, taxes, depreciation and amortization increased 24.5 percent to a record $45.7 million.

Domestic same-store sales increased 7.6 percent, comprised of an 8 percent increase in domestic franchise same-store sales and a 5.2 percent increase in domestic company-owned same-store sales.

International same-store sales increased 3.3 percent on a constant-dollar basis, marking the 33rd consecutive quarter of international same-store sales growth.

The company repaid $14.5 million of debt during the quarter, bringing total debt repayments over the most recent four fiscal quarters to nearly $40 million.

Domino's Pizza operates a network of 7,076 company-owned and franchised stores in the United States and more than 60 international markets.


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