Strong sales spur 12% earnings gain at Domino's
July 26, 2011
by Eric Schroeder
ANN ARBOR, MICH. — Net income at Domino’s Pizza, Inc. rose 12% to $25,248,000, equal to 40c per share on the common stock, in the second quarter ended June 19, up from $22,625,000, or 37c per share, in the same period a year ago. Revenues rose 6% to $384,933,000.
“The sales momentum in our business continues, resulting in a strong first half for 2011,” said J. Patrick Doyle, president and chief executive officer. “Domino’s is in over 70 markets around the world; a diversified global presence that has driven steady, positive results. We like our position in the category, and we have tremendous energy to produce even better returns for our shareholders and franchisees going forward.”
Domestic company-owned stores posted revenues of $78,908,000 in the second quarter of fiscal 2011, down narrowly from $79,076,000 in the same period a year ago. International sales in the period, meanwhile, rose 21% to $47,178,000 from $39,068,000.
For the six months ended June 19, net income was $52,359,000, or 83c per share, up 11% from $47,144,000, or 78c per share, in the same period of fiscal 2010. Revenues increased 4% to $774,119,000 from $743,535,000.