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Dominos Pizza Inc (DPZ) SEC Filing 10-Q Quarterly Report for the period ending Sunday, June 19, 2022

Dominos Pizza Inc

CIK: 1286681 Ticker: DPZ

 

Exhibit 99.1

img153816887_0.jpg 

For Immediate Release

Contact: Ryan Goers

VP - Finance & IR

(734) 930-3925

Domino’s Pizza® Announces Second Quarter 2022 Financial Results

Global retail sales growth (excluding foreign currency impact) of 1.5%

U.S. same store sales decline of 2.9%

International same store sales decline (excluding foreign currency impact) of 2.2%

Global net store growth of 233

Diluted EPS down 7.8% to $2.82

ANN ARBOR, Michigan, July 21, 2022: Domino’s Pizza, Inc. (NYSE: DPZ),

the largest pizza company in the world, announced results for the second quarter of 2022. Global retail sales, excluding the negative impact of foreign currency, grew 1.5% in the second quarter of 2022. Without adjusting for the impact of foreign currency, global retail sales declined 3.0% in the second quarter of 2022.

 

U.S. same store sales declined 2.9% and international same store sales (excluding foreign currency impact) declined 2.2% during the second quarter of 2022. The decline in international same store sales (excluding foreign currency impact) was driven in part by a value added tax holiday in the United Kingdom in the second quarter of 2021 that did not recur in the second quarter of 2022. The Company had second quarter global net store growth of 233 stores, comprised of 22 net U.S. store openings and 211 net international store openings.

 

Diluted EPS for the second quarter of 2022 was $2.82, a decrease of 7.8% from diluted EPS of $3.06 in the second quarter of 2021. Diluted EPS for the second quarter of 2021 was negatively impacted by expenses associated with the Company’s April 2021 recapitalization transaction (the “2021 Recapitalization”). Diluted EPS for the second quarter of 2022 decreased 9.6% from diluted EPS, as adjusted, of $3.12 in the second quarter of 2021. Refer to the Financial Results Comparability and the Comments on Regulation G sections below for additional information.

 

Subsequent to the end of the second quarter of 2022, on July 19, 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 September 15, 2022 to be paid on September 30, 2022.

 

“Our results for the quarter faced challenges consistent to those I outlined back in April. We continued to navigate a difficult labor market, especially for delivery drivers, in addition to inflationary pressures combined with COVID and stimulus-fueled sales comps from the prior two years in the U.S.,” said Russell Weiner, Domino’s Chief Executive Officer. “However, the strength of our franchisees and team members, along with the strategies we are putting into place, make me confident we are on a path to overcome these short-term obstacles and make the Domino’s brand and business stronger than ever.”

 

Second Quarter Highlights (Unaudited):

 

(in millions, except share and per share data)

 

Second
Quarter of
2022

 

 

Second
Quarter of
2021

 

 

Two Fiscal
Quarters of
2022

 

 

Two Fiscal
Quarters of
2021

 

Net income

 

$

102.5

 

 

$

116.6

 

 

$

193.5

 

 

$

234.4

 

Weighted average diluted shares

 

 

36,296,277

 

 

 

38,122,515

 

 

 

36,368,297

 

 

 

38,665,325

 

Diluted EPS

 

$

2.82

 

 

$

3.06

 

 

$

5.32

 

 

$

6.06

 

Items affecting comparability (1)

 

 

 

 

 

0.06

 

 

 

 

 

 

0.06

 

Diluted EPS, as adjusted (1)

 

$

2.82

 

 

$

3.12

 

 

$

5.32

 

 

$

6.12

 

 

(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 Thursday, July 21, 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-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
Condensed Consolidated Statements Of Income (Unaudited)
Consolidated Balance Sheets
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive Income
Basis Of Presentation
Carrying Amounts And Fair Values Of Certain Assets (Detail)
Company-Owned Store Transactions
Company-Owned Store Transactions - Additional Information (Detail)
Components Of Operating And Finance Lease Cost (Detail)
Earnings Per Share
Earnings Per Share (Tables)
Earnings Per Share - Schedule Of Denominators Used In Calculating Earning Per Common Share (Detail)
Earnings Per Share - Summary Of Computation Of Basic And Diluted Earning Per Share (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
Reconciliation Of Total Segment Income To Consolidated Income Before Provision For Income Taxes (Detail)
Revenue Disclosures
Revenue Disclosures (Tables)
Revenue Disclosures - Additional Information (Detail)
Revenue Disclosures - 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 Dpc Dash - (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)
Ticker: DPZ
CIK: 1286681
Form Type: 10-Q Quarterly Report
Accession Number: 0000950170-22-012843
Submitted to the SEC: Thu Jul 21 2022 7:36:30 AM EST
Accepted by the SEC: Thu Jul 21 2022
Period: Sunday, June 19, 2022
Industry: Wholesale Groceries And Related Products

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