News

Domino's declares 55-cent dividend after 97 straight quarters sales growth

April 26, 2018

Domino's Pizza's Q1 2018 financial results marked the company's 97th straight quarter of positive global same-store sales growth and 28th straight quarter off domestic same store sales growth. In fact, domestic same-store sales climbed 8.3 percent this year's quarter over the same period last year. Internationally, the same-store sales growth was 5 percent year over year, a news release said. 

First quarter diluted EPS was $2. That's a very impressive 58.7 percent rise over the prior year quarter, allowing the board to declare a 55-cent per share quarterly dividend that will be paid June 29 to shareholders of record as of June 15. 

"The first quarter of 2018 was another outstanding performance by our franchisees and managers across the globe," President and CEO J. Patrick Doyle, said in the release. "We delivered in every way: from global retail sales growth through strong domestic and international same store sales comps, to new stores, and through both delivery and carryout.

Other first quarter 2018 highlights include: 

• Revenues increased $161.2 million, or 25.8 percent.
• Net Income increased $26.4 million, or 42.2 percent. 
• Diluted EPS was $2, versus $1.26 in the prior year quarter. 

As Pizza Marketplace told readers last January, the chain's longtime CEO and the man who led its turnaround some year's back, J. Patrick Doyle will retire in June,succeeded by current International President Richard Allison, with current Domino's USA President Russell Weiner in the newly-created COO and president of the Americas position for the chain. Doyle reflected on his time there briefly as part of his comments on the first quarter financial results. 

"As my tenure as CEO comes to a close, I am extremely proud of what we have accomplished as a global system over the past several years, and I am confident the future of Domino's is in good hands. Our business model works, thanks to our committed and hard-working franchisees, our dedicated store managers and the visionary leaders who are among the best in the restaurant industry."