Domino's delivers better results
October 13, 2009
by FoodBusinessNews.net Staff
ANN ARBOR, MICH. — Net income at Domino’s Pizza, Inc. in the third quarter ended Sept. 6 increased to $17,829,000, equal to 31c per share of common stock, up from $10,096,000, or 17c per share, in the third quarter of fiscal 2008.
Revenue for the quarter was $302,715,000, a slight decline compared with the same period this past year when revenues totaled $323,588,000.
"We did a good job of anticipating the economic downturn in the U.S. and we cut costs before the economy weakened," said David A. Brandon, chairman and chief executive officer. "We have been intensely focused on controlled overhead spending throughout the past three years. As a result, we are now in a position to invest in our business; invest in our franchisees; invest in our marketing; invest in our technology; and expand our global footprint."
For the first nine months of fiscal 2009, Domino’s earned $56,126,000, or 97c per share. During the first nine months of fiscal 2008 the company had earnings of $42,945,000, or 73c per share.
Sales for the period were $941,175,000 compared with $996,948,000 for the previous year.