News

Domino's wraps up 99 quarters of worldwide, same-store sales gains

October 16, 2018

Domino's Pizza's  Q3 financial results showed strong growth in same-store sales, global store counts and earnings per share. Domestic same-store sales grew 6.3 percent during the quarter versus the year-ago period, a news release said. 

The international division also posted positive results, with 3.3 percent same-store sales growth, marking the 99th consecutive quarter of positive international same-store sales growth and the 30th consecutive quarter of positive domestic same-store sales growth. The company also had third-quarter global net store growth of 232 stores, comprised of 173 net new international stores and 59 net new domestic stores. 

Other results include:

• Global retail sales increased 8.3 percent. 
• Diluted EPS gained 65.3 percent over last year's quarter to $1.95.
• 397,490 shares repurchased for $109.1 million.
• 55-cent quarterly dividend paid on Sept. 28.
• 55-cent quarterly dividend to be paid Dec. 28. 

"I continue to be proud of our great franchisees and operators around the world," Domino's CEO Ritch Allison said in the release. "In particular, our U.S. business once again executed at extremely high levels in the third quarter. Our global business, driven by strong retail sales growth and franchisee economics that outperformed the industry, continued its strong momentum." 

Revenues increased $142.3 million, or 22.1 percent, in the third quarter of 2018. Likewise, net Income increased $27.7 million, or 49.2 percent, in the third quarter of 2018. This increase was driven by higher global royalty revenues and higher supply chain volumes. 

Diluted EPS was $1.95 for the third quarter versus $1.18 in the prior-year quarter. This represents a $0.77 or 65.3 percent increase over the prior year quarter. Diluted EPS was $1.95 for the third quarter versus diluted EPS, as adjusted, of $1.27 in the prior year quarter, which represents a $0.68 or 53.5 percent increase over the prior year quarter. 

These increases were driven by higher net income, as well as lower diluted share count, primarily as a result of the share repurchases made during the trailing four quarters.