News
Domino's net up on debt retirement
April 29, 2009
ANN ARBOR, Mich. -- Domestic comparable-store sales at Domino's restaurants were up 1.0 percent for the first quarter ended March 22, the company has announced.
International comps were up 6.6 percent, the 61st consecutive quarter of international comps growth.
Revenues for the quarter were $321.8 million, off 5 percent compared with revenues of $339 million for the 2008 first quarter. Net income for the quarter was $23.8 million, up 68 percent compared with net income of $14.1 million for the same period last year.
The net income gain was primarily due to the extinguishment of debt in the 2009 first quarter. The company opened 11 stores during the quarter and closed 71 stores, for a net loss of 60 stores.
Related Media
Subscribe
Get the latest news and resources from Pizza Marketplace.
