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Dominos Pizza Inc (DPZ) SEC Filing 10-K Annual Report for the fiscal year ending Sunday, January 2, 2022

Dominos Pizza Inc

CIK: 1286681 Ticker: DPZ

 

Exhibit 99.1

img153816887_0.jpg 

For Immediate Release

Contact: Jenny Fouracre-Petko

Investor Relations

(734) 930-3620

Domino’s Pizza® Announces Fourth Quarter and Fiscal 2021 Financial Results

Global retail sales growth (excluding foreign currency impact and 53rd week impact) of 9.0% for the fourth quarter;

11.7% for fiscal 2021

U.S. same store sales growth of 1.0% for the fourth quarter; 3.5% for fiscal 2021

International same store sales growth of 1.8% for the fourth quarter; 8.0% for fiscal 2021

Global net store growth of 468 for the fourth quarter; 1,204 for fiscal 2021

Diluted EPS up 10.4% to $4.25 for the fourth quarter; up 9.3% to $13.54 for fiscal 2021

ANN ARBOR, Michigan, March 1, 2022: Domino’s Pizza, Inc. (NYSE: DPZ),

the largest pizza company in the world, announced results for the fourth quarter and fiscal 2021. Global retail sales were benefited in the fourth quarter and fiscal 2020 by the inclusion of an extra, or 53rd week. Global retail sales increased 9.0% in the fourth quarter of 2021, excluding the negative impact of foreign currency and the 53rd week impact. Global retail sales increased 11.7% in fiscal 2021, excluding the positive impact of foreign currency and the 53rd week impact. Global retail sales increased 1.0% in the fourth quarter of 2021, excluding the negative impact of foreign currency. Global retail sales increased 8.9% in fiscal 2021, excluding the positive impact of foreign currency. Without adjusting for the impacts of foreign currency and the 53rd week, global retail sales declined 0.2% in the fourth quarter and increased 10.4% in fiscal 2021.

 

U.S. same store sales increased 1.0% during the quarter and 3.5% for the full year. International same store sales increased 1.8% during the quarter and 8.0% for the full year. The fourth quarter marked the 112th consecutive quarter of international same store sales growth. The Company had fourth quarter global net store growth of 468 stores, comprised of 89 net U.S. store openings and 379 net international store openings. In fiscal 2021, the Company had global net store growth of 1,204 stores, comprised of 205 net U.S. store openings and 999 net international store openings.

 

Diluted EPS for the fourth quarter of 2021 was $4.25, an increase of 10.4% over the prior year quarter. Diluted EPS for fiscal 2021 was $13.54, an increase of 9.3% over the prior year. Diluted EPS for both the fourth quarter and fiscal 2020 was positively impacted by the inclusion of the 53rd week. Diluted EPS for fiscal 2021 was negatively impacted by expenses associated with the Company’s April 2021 recapitalization transaction (the “2021 Recapitalization”). Diluted EPS for the fourth quarter of 2021 was $4.25, an increase of 22.8% over diluted EPS, as adjusted, of $3.46 in the fourth quarter of 2020. Diluted EPS, as adjusted, for fiscal 2021 was $13.60, an increase of 13.2% over diluted EPS, as adjusted, of $12.01 in fiscal 2020. Refer to the Financial Results Comparability and the Comments on Regulation G sections below for additional information.

 

Subsequent to the end of the fourth quarter of 2021, on February 24, 2022, the Company’s Board of Directors declared a $1.10 per share quarterly dividend on its outstanding common stock for shareholders of record as of March 15, 2022, to be paid on March 30, 2022.

 

“Throughout 2021, the strength of our franchisees and our excellent unit economics continued to deliver outstanding store and retail sales growth for the Domino’s brand,” said Ritch Allison, Domino’s Chief Executive Officer. “When we compare our 2021 results back to pre-pandemic 2019, the Domino’s brand grew by nearly $3.5 billion in global retail sales over the last two years. Looking forward, we remain focused on leading with innovation and leveraging our global scale to drive outstanding returns for our franchisees and shareholders.”

 

(dollars in millions, except share and per share data)

 

Fourth
Quarter of
2021

 

 

Fourth
Quarter of
2020

 

 

Fiscal
2021

 

 

Fiscal
2020

 

Net income

 

$

155.7

 

 

$

151.9

 

 

$

510.5

 

 

$

491.3

 

Weighted average diluted shares

 

 

36,668,295

 

 

 

39,463,552

 

 

 

37,691,351

 

 

 

39,640,791

 

Diluted EPS

 

$

4.25

 

 

$

3.85

 

 

$

13.54

 

 

$

12.39

 

Items affecting comparability (1)

 

 

 

 

 

(0.39

)

 

 

0.06

 

 

 

(0.38

)

Diluted EPS, as adjusted (1)

 

$

4.25

 

 

$

3.46

 

 

$

13.60

 

 

$

12.01

 

 

(1)
Refer to the Financial Results Comparability and the Comments on Regulation G sections below for additional information.

 


The following information was filed by Dominos Pizza Inc (DPZ) on Tuesday, March 1, 2022 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside Dominos Pizza Inc's 10-K Annual Report:

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Cover Page
Condensed Financial Information Of The Registrant - Additional Information (Detail)
Parent Company Condensed Balance Sheets (Detail)
Parent Company Condensed Balance Sheets (Parenthetical) (Detail)
Parent Company Condensed Statements Of Cash Flows (Detail)
Parent Company Condensed Statements Of Income And Comprehensive Income (Detail)
Consolidated Balance Sheets
Consolidated Balance Sheets (Parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive Income
Consolidated Statements Of Income
Consolidated Statements Of Stockholders' Deficit
Consolidated Statements Of Stockholders' Deficit (Parenthetical)
Capital Structure
Capital Structure (Tables)
Capital Structure - Additional Information (Detail)
Capital Structure - Share Components Of Outstanding Common Stock (Detail)
Carrying Amounts And Fair Values Of Certain Assets (Detail)
Commitments And Contingencies
Company-Owned Store Transactions
Company-Owned Store Transactions - Additional Information (Detail)
Components Of Consolidated Provision For Income Taxes (Detail)
Components Of Operating And Finance Lease Cost (Detail)
Description Of Business And Summary Of Significant Accounting Policies
Description Of Business And Summary Of Significant Accounting Policies (Policies)
Description Of Business And Summary Of Significant Accounting Policies (Tables)
Description Of Business And Summary Of Significant Accounting Policies - Additional Information (Detail)
Description Of Business And Summary Of Significant Accounting Policies - Estimated Useful Lives Of Property Plant And Equipment Excluding Capital Lease Asset (Detail)
Description Of Business And Summary Of Significant Accounting Policies - Inventories (Detail)
Description Of Business And Summary Of Significant Accounting Policies - Schedule Of Amortization Of Capitalized Software (Detail)
Description Of Business And Summary Of Significant Accounting Policies - Schedule Of Contract Liabilities Consist Of Deferred Franchise Fees And Deferred Development Fees (Detail)
Description Of Business And Summary Of Significant Accounting Policies - Schedule Of Revenue Recognition Associated With Deferred Franchise Fees And Deferred Development Fees (Detail)
Differences Between Statutory Income Tax Provision And Consolidated Provision For Income Taxes (Detail)
Earning Per Share - Schedule Of Denominators Used In Calculating Earning Per Common Share (Detail)
Earnings Per Share
Earnings Per Share (Tables)
Earnings Per Share - Additional Information (Detail)
Earnings Per Share - Summary Of Computation Of Basic And Diluted Earning Per Share (Detail)
Employee Benefits
Employee Benefits - Additional Information (Detail)
Equity Incentive Plans
Equity Incentive Plans (Tables)
Equity Incentive Plans - Additional Information (Detail)
Equity Incentive Plans - Restricted Stock And Performance-Based Restricted Stock Activity Related To Equity Incentive Plans (Detail)
Equity Incentive Plans - Stock Options Activity Related To Equity Incentive Plans (Detail)
Equity Incentive Plans - Summary Of Restricted Stock Options Valuation Assumptions (Detail)
Equity Incentive Plans- Stock Options Valuation Assumptions (Detail)
Fair Value Measurements
Fair Value Measurements (Tables)
Fair Value Measurements - Additional Information (Detail)
Financial Information By Operating Segment (Detail)
Goodwill (Detail)
Identifiable Asset Information (Detail)
Income Before Provision For Income Taxes (Detail)
Income Taxes
Income Taxes (Tables)
Income Taxes - Additional Information (Detail)
Leases
Leases (Tables)
Leases - Additional Information (Detail)
Maturities Of Lease Liabilities (Detail)
Recapitalizations And Financing Arrangements
Recapitalizations And Financing Arrangements (Tables)
Recapitalizations And Financing Arrangements - Additional Information (Detail)
Recapitalizations And Financing Arrangements - Consolidated Long-Term Debt (Detail)
Recapitalizations And Financing Arrangements - Maturities Of Long-Term Debt And Capital Lease Obligations (Detail)
Reconciliation Of Total Segment Income To Consolidated Income Before Provision For Income Taxes (Detail)
Schedule I - Condensed Financial Information Of The Registrant
Schedule Of Estimated Fair Value (Detail)
Segment Information
Segment Information (Tables)
Segment Information - Additional Information (Detail)
Significant Components Of Net Deferred Income Taxes (Detail)
Summary Of Reconciliation Of The Carrying Amount Of The Company's Investment In Dash Brands (Detail)
Supplemental Balance Sheet Information Related To The Company's Leases (Detail)
Supplemental Cash Flow Information Related To Leases (Detail)
Unrecognized Tax Benefits (Detail)
Ticker: DPZ
CIK: 1286681
Form Type: 10-K Annual Report
Accession Number: 0000950170-22-002426
Submitted to the SEC: Tue Mar 01 2022 8:36:11 AM EST
Accepted by the SEC: Tue Mar 01 2022
Period: Sunday, January 2, 2022
Industry: Wholesale Groceries And Related Products

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