News

Domino's racks up 93 quarters global sales growth; 24 in the US

April 27, 2017

Domino's reported today that its domestic same-store sales grew a healthy 10.2 percent in Q1 2017. the global store count and earnings per share also increased. In fact, a news release said that this past quarter marked the 24th quarter of upward sales movement for the company in the U.S.

The growth isn't confined to the States, however. The international division posted same-store sales growth of 4.3 percent in Q1, which is the 93rd straight quarter of positive international same-store sales growth. It 189 units during the period. 

Stockholders are very happy too, since Domino's reported Q1 diluted EPS was $1.26 — up  41.6 percent over the same period last year as what the company said is the result of both outstanding operational results and a new accounting standard. Domino's board declared a 46-cent per share dividend for the quarter for all shareholders of record as of June 15, 2017, to be paid on June 30, 2017.

"It was a great start to 2017, as momentum continued with solid growth in our international business, and our third consecutive quarter of double-digit same store sales growth in the U.S.," Domino's President and CEO J. Patrick Doyle, said in a news release. "The ultimate measure of customer satisfaction is more customers choosing to do business with you. The growth we are experiencing — both in store counts and customer visits — is a reflection of great commitment and execution by our franchisees and team members."

First Quarter Highlights: 

• 15.8 percent increase in revenues from previous year period, due primarily to higher supply chain revenues from increased volumes, store growth, domestic franchise revenues, company-owned store revenues and higher international SSS revenues and store counts. 
• 37.4 percent net income increasedue to increased same store sales growth, store count and supply chain volumes, as well as lower food costs and a new equity-based compensation accounting standard 
• Diluted EPS rose to $1.26 for Q1 2017, versus 89 cents in Q1 2016, or a 37-cent increase, driven by increased  net income and lower diluted share count.