Last10K.com

Dominos Pizza Inc (DPZ) SEC Filing 10-K Annual report for the fiscal year ending Sunday, December 29, 2013

Dominos Pizza Inc

CIK: 1286681 Ticker: DPZ

EXHIBIT 99.1

 

LOGO     

 

For Immediate Release

  

 

Contact: Lynn Liddle, Executive Vice President,

Communications, Investor Relations and Legislative Affairs

(734) 930-3008

       
       

Domino’s Pizza Financial Results Demonstrate Global Momentum

Delivers 21.9% EPS Growth in the Fourth Quarter; Dividend Increases 25%

ANN ARBOR, Michigan, February 25, 2014: Domino’s Pizza, Inc. (NYSE: DPZ)

, the recognized world leader in pizza delivery, today announced results for the fourth quarter and fiscal 2013, comprised of robust growth in same store sales and global store counts which resulted in strong EPS growth. Domestic same store sales grew 3.7% during the quarter versus the year-ago period, and 5.4% for the full year, continuing the positive sales momentum in the Company’s domestic business. The international division also posted strong results with same store sales growth of 7.0% during the quarter and 6.2% for the full year. The fourth quarter marked the 80th quarter – or 20th full year – of consecutive quarterly international same store sales growth. The Company also had global net store growth of 631 stores in 2013, comprised of 58 net new domestic stores and a record 573 net new stores internationally.

Fourth quarter diluted EPS was 78 cents, up 21.9% over the Company’s EPS in the prior year quarter. Diluted EPS, as reported, was $2.48 for fiscal 2013, up 29.8% over the as reported EPS in the prior year. Diluted EPS, as adjusted, was $2.45 for fiscal 2013, up 21.3% over the as adjusted diluted EPS in the prior year. The Company also repurchased 297,203 shares of its stock for $20.2 million during the quarter, and repurchased 1,666,435 shares of its stock for $97.1 million in fiscal 2013. Additionally, on February 12, 2014, the Board of Directors declared a 25 cent per share quarterly dividend for shareholders of record as of March 14, 2014 to be paid on March 28, 2014. This represents a 25% increase over the previous dividend amount.

J. Patrick Doyle, Domino’s President and Chief Executive Officer, said: “We made consistent progress in 2013 building a bigger and better Domino’s brand. We had strong global momentum in sales, store growth and innovation. Consumers worldwide are redefining convenience – and we are meeting their evolving needs by pioneering technology in the restaurant industry.”

Doyle continued, “We are in the strong position of being able to increase our quarterly dividend while also resetting yet another share repurchase authorization for the fourth time in seven years.”

Fourth Quarter and Fiscal 2013 Highlights:

 

(dollars in millions, except per share data)    Fourth
Quarter of
2013
     Fourth
Quarter of
2012
     Fiscal
2013
    Fiscal
2012
 

Net income

   $ 44.7       $ 37.6       $ 143.0      $ 112.4   

Weighted average diluted shares

     57,412,557         58,487,618         57,720,998        58,997,476   

Diluted earnings per share, as reported

   $ 0.78       $ 0.64       $ 2.48      $ 1.91   

Items affecting comparability*

     —           —           (0.02     0.11   
  

 

 

    

 

 

    

 

 

   

 

 

 

Diluted earnings per share, as adjusted*

   $ 0.78       $ 0.64       $ 2.45      $ 2.02   
  

 

 

    

 

 

    

 

 

   

 

 

 

 

* Refer to the Items Affecting Comparability section on page three for additional details. Diluted earnings per share figures may not sum to the total due to the rounding of each individual calculation.

 

  Revenues were up 5.0% for the fourth quarter versus the prior year period, due primarily to higher supply chain revenues, higher international revenues, and higher domestic franchise and Company-owned store revenues.

 

  Net Income was up 18.9% for the fourth 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 on international revenues.

More…


The following information was filed by Dominos Pizza Inc (DPZ) on Tuesday, February 25, 2014 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.

View differences made from one year to another to evaluate Dominos Pizza Inc's financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Dominos Pizza Inc.

Continue

Assess how Dominos Pizza Inc's management team is paid from their Annual Proxy

Definitive Proxy Statement (Form DEF 14A)
Screenshot example of actual Proxy Statement

Dominos Pizza Inc's Definitive Proxy Statement (Form DEF 14A) filed after their 2014 10-K Annual Report includes:

  • Voting Procedures
  • Board Members
  • Executive Team
  • Salaries, Bonuses, Perks
  • Peers / Competitors

Continue

Tools

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information
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
Capital Structure
Capital Structure (tables)
Capital Structure - Additional Information (detail)
Carrying Amounts And Fair Values Of Certain Assets (detail)
Classification Of Net Deferred Income Taxes (detail)
Commitments And Contingencies
Commitments And Contingencies (tables)
Commitments And Contingencies - Additional Information (detail)
Components Of Consolidated Provision For Income Taxes (detail)
Condensed Financial Information Of The Registrant - Additional Information (detail)
Consolidated Long-term Debt (detail)
Consolidated Long-term Debt (parenthetical) (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)
Differences Between Statutory Income Tax Provision And Consolidated Provision For Income Taxes (detail)
Earnings Per Share
Earnings Per Share (detail)
Earnings Per Share (tables)
Earnings Per Share - Additional Information (detail)
Employee Benefits
Employee Benefits - Additional Information (detail)
Equity Incentive Plans
Equity Incentive Plans (tables)
Equity Incentive Plans - Additional Information (detail)
Estimated Useful Lives Of Property Plant And Equipment Excluding Capital Lease Assets (detail)
Fair Value Measurements
Fair Value Measurements (tables)
Financial Information By Operating Segment (detail)
Financial Instruments With Off-balance Sheet Risk
Financial Instruments With Off-balance Sheet Risk - Additional Information (detail)
Future Minimum Rental Commitments For All Non-cancelable Leases (detail)
Goodwill (detail)
Identifiable Asset Information (detail)
Income Before Provision For Income Taxes (detail)
Income Taxes
Income Taxes (tables)
Income Taxes - Additional Information (detail)
Inventories (detail)
Maturities Of Long-term Debt And Capital Lease Obligations (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 (detail)
Periodic Financial Data (detail)
Periodic Financial Data (unaudited; In Thousands, Except Per Share Amounts)
Periodic Financial Data (unaudited; In Thousands, Except Per Share Amounts) (tables)
Recapitalizations And Financing Arrangements
Recapitalizations And Financing Arrangements (tables)
Recapitalizations And Financing Arrangements - Additional Information (detail)
Reconciliation Of Total Segment Income To Consolidated Income Before Provision For Income Taxes (detail)
Restricted Stock And Performance-based Restricted Stock Activity Related To Equity Incentive Plans (detail)
Sale And Closure Of Company-owned Stores
Sale And Closure Of Company-owned Stores - Additional Information (detail)
Schedule I - Condensed Financial Information Of The Registrant
Schedule Ii - Valuation And Qualifying Accounts
Segment Information
Segment Information (tables)
Segment Information - Additional Information (detail)
Share Components Of Outstanding Common Stock (detail)
Significant Components Of Net Deferred Income Taxes (detail)
Stock Options Activity Related To Equity Incentive Plans (detail)
Stock Options Valuation Assumptions (detail)
Subsequent Events
Subsequent Events - Additional Information (detail)
Unrecognized Tax Benefits (detail)
Valuation And Qualifying Accounts (detail)
Ticker: DPZ
CIK: 1286681
Form Type: 10-K Annual Report
Accession Number: 0001193125-14-066092
Submitted to the SEC: Tue Feb 25 2014 7:40:29 AM EST
Accepted by the SEC: Tue Feb 25 2014
Period: Sunday, December 29, 2013
Industry: Wholesale Groceries And Related Products

External Resources:
Stock Quote
Social Media

Bookmark the Permalink:
https://last10k.com/sec-filings/dpz/0001193125-14-066092.htm