Domino’s Pizza reports 6.4% increase in Q1 revenues to $835.96m

26th April 2019 (Last Updated October 17th, 2019 07:46)

Domino’s Pizza has reported a 6.4% increase in revenues to $835.96m for the first quarter (Q1) ending 25 March 2019, compared to $785.37m for the same period last year.

Domino’s Pizza reports 6.4% increase in Q1 revenues to $835.96m

Domino’s Pizza has reported a 6.4% increase in revenues to $835.96m for the first quarter (Q1) ending 25 March 2019, compared to $785.37m for the same period last year.

The increase in revenues was driven by high retail sales, higher same-store sales and store count growth in US and international markets.

However, the increase in international franchise revenues was partially offset by the negative impact of changes in foreign currency exchange rates.

The chain reported a 4.6% increase in global retail sales, a 3.9% increase in domestic same-store sales and a 1.8% increase in international same-store sales.

“We remain focused on improving international comps, but I am encouraged by the strong unit growth in the first quarter.”

The restaurant company also reported a net income of $92.65m, up by 4.3% compared to $88.82m for the same period in the previous year.

Diluted EPS of the company was $2.20 for the second quarter, a 10% increase compared to $2.00 for the year beforehand.

Domino’s Pizza CEO Ritch Allison said: “It was a good quarter for our US 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.

“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.”

The fast-food chain opened 214 stores including 183 international and 31 domestic stores. It also closed 14 stores including ten international and four domestic stores.