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ANN ARBOR, Mich.—Domino's, Inc., announced that its 2003 systemwide sales rose 5.8 percent over 2002, while its fourth quarter systemwide sales soared 9.6 percent.
According to a news release, domestic same-store sales were a flat 1.3 percent for the year (comprised of a franchised unit increase of 1.7 percent and a company store sales decline of 1.7 percent.)
Domino's ended the year on a strong note, however, as fourth quarter domestic same-store sales rose 5.1 percent (comprised of a 5.3 percent increase at franchised stores and a 3.2 percent increase at company stores.)
International same-store sales rose 4 percent for 2003, and 3.6 percent in the fourth quarter (on a constant dollar basis), marking the division's 10th straight year of positive quarterly same store-sales growth.
Domino's ended 2003 with 7,427 stores, 197 more than in 2002. Domestic stores totaled 4,904 and international stores (in more than 50 countries) totaled 2,523.
In the release, David A. Brandon, chairman and CEO called the year a successful one for the chain, "despite a tough environment for virtually everyone in the domestic quick-service restaurant sector during the first half of the year. This made our accomplishments all the more meaningful and important."
Brandon said the introduction of Domino's Philly Cheese Steak Pizza was a shot in the arm in its fourth quarter.
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Topics: Domino's Pizza
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