Ann Arbor / MG. (dp) Domino´s Pizza Inc., the recognized leader in pizza delivery, announced results for the third quarter of 2013, comprised of strong growth in same store sales, global store count and EPS. Domestic same store sales grew 5,4 percent during the quarter versus the year-ago period, continuing the positive sales momentum in the Company´s domestic business. The international division also posted strong results with same store sales growth of 5,0 percent during the quarter, marking the 79th consecutive quarter of international same store sales growth. The Company had global net store growth of 126 stores in the third quarter of 2013.
Diluted EPS was 0,53 USD for the quarter. On an as adjusted basis, diluted EPS was 0,51 USD; an 18,6 percent increase over the third quarter of 2012. During the quarter, the Company also repurchased and retired 351’085 shares of its common stock for 20,8 million USD. Additionally, on October 09, 2013, the Board of Directors declared a 0,20 USD per share quarterly dividend for shareholders of record as of December 13, 2013 to be paid on December 30, 2013.
J. Patrick Doyle, Domino´s President and Chief Executive Officer: «Domino´s Pizza is connecting with customers everywhere through technology, quality, convenience and value. We continue to hold a leading presence in the restaurant category as a brand with solid momentum both in the U.S. and around the world, with dedicated franchisees who are focused on great pizzas, strong customer service and consistent operations».
Revenues were up 6,9 percent for the third quarter versus the prior year period, due primarily to higher supply chain revenues from increased store order counts, higher domestic franchise and Company-owned store revenues, and higher international revenues resulting from both same store sales and store count growth.
Net Income was up 17,9 percent for the third quarter versus the prior year period, driven by domestic and international same store sales growth, global store count growth and a lower effective tax rate, offset in part by higher general and administrative expenses and the negative impact of foreign currency exchange rates.
Diluted EPS was 0,53 USD for the quarter versus 0,44 USD in the prior year quarter. On an as-adjusted basis, diluted EPS was 0,51 USD for the quarter versus prior year adjusted EPS of 0,43 USD. The eight cent or 18,6 percent increase in adjusted EPS was due to higher net income and lower weighted average diluted shares outstanding.
About Domino´s Pizza
Founded in 1960, Domino´s Pizza is the recognized world leader in pizza delivery, with a significant business in carryout pizza. It ranks among the world´s top public restaurant brands with its global enterprise of more than 10’500 stores in over 70 international markets. Domino´s had global retail sales of over 7,4 billion USD in 2012, comprised of over 3,5 billion USD in the U.S. and nearly 3,9 billion USD internationally. In the third quarter of 2013, Domino´s had global retail sales of nearly 1,8 billion USD, comprised of 849 million USD in the U.S. and 935 million USD internationally. Its system is largely made up of franchise owner-operators who accounted for over 96 percent of the Domino´s Pizza stores as of the third quarter of 2013. The Domino´s brand generates over two billion USD in global digital sales per year. Its emphasis on new technology has helped drive the introduction of Domino´s ordering apps for iPhone, Android, Windows Phone and Kindle Fire – which now cover nearly 95 percent of the U.S. smartphone market. Continuing its focus on menu enhancement, Domino´s established itself as a player in the pan pizza market with the launch of its Handmade Pan Pizza in October 2012.