Domino’s: Announces Q1-2022 Financial Results

Ann Arbor / MG. (dp) Domino’s Pizza Inc., the largest pizza company in the world, announced results for the first quarter of 2022. Global retail sales increased 3.6 percent in the first quarter of 2022, excluding the negative impact of foreign currency. Without adjusting for the impact of foreign currency, global retail sales increased 0.3 percent in the first quarter of 2022.

U.S. same store sales declined 3.6 percent during the first quarter of 2022. International same store sales (excluding foreign currency impact) increased 1.2 percent during the first quarter of 2022, marking the 113th consecutive quarter of international same store sales growth. The Company had first quarter global net store growth of 213 stores, comprised of 37 net U.S. store openings and 176 net international store openings. Diluted EPS for the first quarter of 2022 was USD 2.50, a decrease of 16.7 percent from the prior year quarter.

Subsequent to the end of the first quarter of 2022, on April 26, 2022, the Company’s Board of Directors declared a USD 1.10 per share quarterly dividend on its outstanding common stock for shareholders of record as of June 15, 2022 to be paid on June 30, 2022.

«We faced a number of headwinds during the first quarter, from the Omicron surge, to staffing shortages, to unprecedented inflation, which pressured our results. We are actively implementing strategies designed to address them; however, we expect some of these headwinds are likely to persist further into 2022,» said Ritch Allison, Domino’s Chief Executive Officer. «The strength of the Domino’s brand is not defined in the short term, but instead by our outstanding long-term track record and the ongoing commitment of our team members and franchisees, as evidenced by continued strong store growth, including the opening of our 19,000th global store during the quarter. As I hand the leadership of the Company over to Russell Weiner on May 1, I do so with great confidence that he and our talented team will take this great global brand to the next level in the years to come.»

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