Domino’s Pizza Inc.’s net income jumped 33.1 percent in the third quarter of 2011 on continued same-store sales strength at both domestic and international restaurants.
The Ann Arbor, Mich.-based quick-service chain has seen international same-store sales rise for 71 consecutive quarters. Domestic same-store sales have risen steadily since the brand relaunched its core pizza item in late 2009, the company said.
“In the face of these uncertain economic times, Domino’s has continued to prove its resiliency,” said Domino’s chief executive J. Patrick Doyle. “This quarter is yet another example of how increasing loyalty from our customers is driving terrific results around the world.”
For the Sept. 11-ended third quarter, 9,541-unit Domino’s net income rose to $22.1 million, compared with $16.6 million a year earlier. Earnings per share increased to 36 cents, compared with 27 cents per share in the third quarter of 2010.
Revenue grew 8.3 percent to $376.3 million, compared with $347.4 million a year earlier, reflecting same-store sales gains across the domestic and international systems, the addition of units abroad, positive effects from foreign-currency exchange, and increased domestic supply chain revenue due to higher commodity prices.
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Same-store sales at Domino’s domestic restaurants rose 3 percent in the third quarter, reflecting gains of 4.2 percent at company-owned units and 2.9 percent at franchised restaurants.
Domestic same-store sales have risen every quarter since 2010, except for the first quarter of 2011, when a 1.4-percent decrease resulted from a comparison with a 14.3-percent gain in the first quarter of 2010, when the debut of Domino’s reformulated pizza drove spikes in traffic and sales.
International same-store sales increased 8.1 percent in the third quarter, beating a 7-percent gain a year earlier.
Domino’s Pizza operates 395 restaurants and franchises another 4,496 locations in the United States. It also franchises an additional 4,650 units in more than 70 international markets.
Contact Mark Brandau at [email protected].
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