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Dominos Pizza Inc (DPZ) SEC Filing 10-Q Quarterly Report for the period ending Sunday, September 12, 2021

Dominos Pizza Inc

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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 Third Quarter 2021 Financial Results

Global retail sales growth (excluding foreign currency impact) of 8.5%

U.S. same store sales decline of 1.9%

International same store sales growth of 8.8%

Global net store growth of 323

Diluted EPS up 30.1% to $3.24

ANN ARBOR, Michigan, October 14, 2021: Domino’s Pizza, Inc. (NYSE: DPZ),

the largest pizza company in the world, announced results for the third quarter. Global retail sales increased 10.0% in the third quarter, or 8.5% excluding foreign currency impact. U.S. same store sales decreased 1.9% during the quarter versus the year-ago period. The international business posted strong results, with same store sales growth of 8.8% during the quarter. The third quarter marked the 111th consecutive quarter of international same store sales growth. The Company had third quarter global net store growth of 323 stores, comprised of 45 net U.S. store openings and 278 net international store openings.

 

Diluted EPS for the third quarter was $3.24, an increase of 30.1% over the prior year quarter.

 

Subsequent to the end of the third quarter of 2021, on October 12, 2021, the Company’s Board of Directors declared a $0.94 per share quarterly dividend on its outstanding common stock for shareholders of record as of December 15, 2021 to be paid on December 30, 2021.

“We are pleased with our results this quarter, with robust store and sales increases internationally, while rolling over our highest quarter of 2020 in the U.S. On a two-year basis, our U.S. same store sales were up 15.6% over the 2019 baseline, with our international same store sales up 15.0% during that time, marking significant growth in our brand,” said Ritch Allison, Domino's Chief Executive Officer. “We are proud of our franchisees who continue to focus on providing great products at a great value to our customers around the world.”

 

(dollars in millions, except per share data)

 

Third
Quarter of
2021

 

 

Third
Quarter of
2020

 

 

Three Fiscal
Quarters of
2021

 

 

Three Fiscal
Quarters of
2020

 

Net income

 

$

120.4

 

 

$

99.1

 

 

$

354.8

 

 

$

339.4

 

Weighted average diluted shares

 

 

37,130,209

 

 

 

39,791,805

 

 

 

38,144,509

 

 

 

39,724,289

 

Diluted EPS

 

$

3.24

 

 

$

2.49

 

 

$

9.30

 

 

$

8.54

 

Items affecting comparability (1)

 

 

—

 

 

 

—

 

 

 

0.06

 

 

 

—

 

Diluted EPS, as adjusted (1)

 

$

3.24

 

 

$

2.49

 

 

$

9.36

 

 

$

8.54

 

 

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

 

Revenues increased $30.3 million, or 3.1%, in the third quarter of 2021. This increase was primarily due to higher global retail sales, resulting from international same store sales growth and global net unit growth during the trailing four quarters, resulting in higher international franchise, supply chain and U.S. franchise revenues. The decrease in U.S. same store sales in the third quarter of 2021 partially offset the increases in U.S. franchise revenues during the quarter.

 

Net Income increased $21.3 million, or 21.5%, in the third quarter of 2021. This increase was primarily driven by higher income from operations resulting from higher global franchise revenues. Net income also increased due to a lower provision for income taxes resulting from higher tax benefits from equity-based compensation from more stock option exercises in the third quarter of 2021 as compared to the third quarter of 2020.

 

Diluted EPS was $3.24 for the third quarter of 2021 versus $2.49 in the third quarter of 2020. This represents a $0.75, or 30.1%, increase over the prior year quarter. The increase in diluted EPS was driven by higher net income and a lower weighted average diluted share count resulting from the Company’s share repurchases during the trailing four quarters. 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 Thursday, October 14, 2021 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-Q Quarterly 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-Q Quarterly Report:

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Cover Page
Consolidated Balance Sheets
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive Income
Consolidated Statements Of Income
Basis Of Presentation And Updates To Significant Accounting Policies
Carrying Amounts And Fair Values Of Certain Assets (Detail)
Components Of Operating And Finance Lease Cost (Detail)
Earnings Per Share
Earnings Per Share (Detail)
Earnings Per Share (Tables)
Earnings Per Share - Additional Information (Detail)
Equity Incentive Plans
Equity Incentive Plans - Additional Information (Detail)
Fair Value Measurements
Fair Value Measurements (Tables)
Fair Value Measurements - Additional Information (Detail)
Financial Information By Operating Segment (Detail)
Leases
Leases (Tables)
Leases - Additional Information (Detail)
Maturities Of Lease Liabilities (Detail)
New Accounting Pronouncements
Recapitalization
Recapitalization - Additional Information (Detail)
Reconciliation Of Total Segment Income To Consolidated Income Before Provision For Income Taxes (Detail)
Revenue Disclosures
Revenue Disclosures (Tables)
Revenue Disclosures - Additional Information (Detail)
Schedule Of Contract Liabilities Consist Of Deferred Franchise Fees And Deferred Development Fees (Detail)
Schedule Of Estimated Fair Value (Detail)
Segment Information
Segment Information (Tables)
Stockholders' Deficit
Stockholders' Deficit (Detail)
Stockholders' Deficit (Parenthetical) (Detail)
Stockholders' Deficit (Tables)
Stockholders' Deficit - Additional Information (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)
Supplemental Disclosures Of Cash Flow Information
Supplemental Disclosures Of Cash Flow Information - Additional Information (Detail)

Material Contracts, Statements, Certifications & more

Dominos Pizza Inc provided additional information to their SEC Filing as exhibits

Exhibit 10.1: Material Contract
Exhibit 31.1: Rule 13A-14(A)/15D-14(A) Certification
Exhibit 32.1: Section 1350 Certification
Ticker: DPZ
CIK: 1286681
Form Type: 10-Q Quarterly Report
Accession Number: 0000950170-21-002121
Submitted to the SEC: Thu Oct 14 2021 7:37:06 AM EST
Accepted by the SEC: Thu Oct 14 2021
Period: Sunday, September 12, 2021
Industry: Wholesale Groceries And Related Products

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