News

Domino's announces Q3 financial results

Domino's announced strong financial results for the third quarter of 2015.

October 8, 2015

Domino's Pizza Inc. today announced results for the third quarter of 2015, comprised of strong same-store sales results and store-count growth. Domestic same store sales grew 10.5 percent during the quarter versus the year-ago period, continuing the positive sales momentum in the Domino’s domestic business, according to a company press release. The international division also posted strong results with same store sales growth of 7.7 percent, marking the 87th consecutive quarter of international same store sales growth. Domino’s had global net store growth of 194 stores in the quarter.

During the quarter, Domino’s incurred incremental insurance expense relating to updated independent actuarial estimates for the Company's casualty insurance program, and faced continued pressure from foreign currency exchange rates, the release stated. Diluted EPS was 67 cents for the third quarter, which was up 6.3 percent over the Company's diluted EPS in the prior year quarter.

Domino’s repurchased 365,460 shares of its common stock during the quarter for approximately $40.9 million, the release stated. The Board of Directors also declared a 31-cent per share quarterly dividend for shareholders of record as of Dec. 15 to be paid on Dec. 30.

"We are pleased with the sustained strong sales and continued momentum behind store growth. The things we are doing are working, and we will continue to aggressively lead the industry," said J. Patrick Doyle, Domino's president and CEO.

Third Quarter highlights:

• Domestic same-store sales rose 10.5 percent
• International same-store sales increased 7.7 percent
• Global retail sales grew 6.1 percent (+15.2 percent excluding foreign currency impact)
• Revenue break-up: Domestic Company-owned stores: $86.46 million (+11.3 percent); Domestic franchise: $59.39 million (+14.5 percent); Supply chain: $303.59 million (+7.5 percent); International franchise: $35.26 million (+2 percent)
• Gross margin rate fell 60 bps to 29.3 percent
• G&A expense rate remained constant year to year at 12.7 percent
• Store count +194 quarter to quarter to 12,119