News

Domino's turns in healthy Q1, US sales up 3.9%

April 24, 2019

Domino's Pizza Inc. Q1 2019 profits exceeded most analysts predictions when they posted Wednesday at  $92.7 million, or $2.20 per share, which was up 10% over last year's quarter, according to a news release. As the world's largest pizza company by sales, the brand posted revenue of $836 million in Q1 and healthy sales growth. 

Key highlights of Domino's Q1 performance include: 

• 4.6% increase in global retail sales. 
• 3.9% U.S. same-store sales growth.
• 1.8% international same-store sales growth.
• Added 200 stores, including 27 net new U.S. stores and 173 net new international stores. 

Domino's board declared a $0.65 per share quarterly dividend for shareholders of record as of June 14, to be paid on June 28, the release said.

"It was a good quarter for our U.S. business, and I am very pleased with our balanced retail sales growth, driven by a healthy combination of solid same-store sales and unit growth," Domino's CEO Ritch Allison, said in the release. "We remain focused on improving international comps, but I am encouraged by the strong unit growth in the first quarter —and remain confident in the fundamentals related to market share, retail sales growth and unit economics within this terrific segment of our business."

Over the last 12 months, Domino's stock has risen 13%.