The international division also posted strong results with same store sales growth of 6.7 percent, marking the 86th consecutive quarter of international same store sales growth.
July 16, 2015
Domino's Pizza Inc. released financial results for the second quarter of 2015, which show a 12.8 percent domestic same store sales growth compared to a year ago. The international division also posted strong results with same store sales growth of 6.7 percent, marking the 86th consecutive quarter of international same store sales growth, the company said in a press release. Global net store growth resulted in 186 stores in the quarter.
During the quarter, Domino's repurchased 637,587 shares of its common stock for approximately $68.1 million. The company's revenues grew 8.5 percent for Q2 versus the prior year, driven by higher domestic same store sales and store count growth as well as higher supply chain revenues from increased volumes and incremental sales of equipment to stores connected to its reimaging program.
International franchise same-store sales and store count grew as compared to the prior year period, partially offset by the negative impact of foreign currency exchange rates.
Net income was up 19.4 percent for the second quarter versus the prior year period, driven by domestic and international same store sales growth, global store count growth and higher supply chain volumes, offset in part by the negative impact of foreign currency exchange rates.
J. Patrick Doyle, Domino's president and CEO, said in the release, "It was simply another great quarter. Our franchisees and corporate team members are executing at a very high level, and our digital initiatives continue to help attract more customers around the world. We're in a great place as a brand."