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Dominos Pizza Inc (DPZ) SEC Filing 10-K Annual report for the fiscal year ending Sunday, January 1, 2017

Dominos Pizza Inc

CIK: 1286681 Ticker: DPZ

Exhibit 99.1

 

LOGO

  For Immediate Release  

Contact: Tim McIntyre, Executive Vice President,

Communications, Investor Relations and Legislative Affairs

(734) 930-3563

Domino’s Pizza® Announces 2016 Financial Results

Record Global Store Growth, Second Straight Year of Double-Digit U.S. Comps

and Strong EPS Highlight 2016 Results

ANN ARBOR, Michigan, February 28, 2017: Domino’s Pizza, Inc. (NYSE: DPZ),

the recognized world leader in pizza delivery, today announced results for the fourth quarter and fiscal 2016, comprised of strong growth in same store sales, global store counts and earnings per share. Domestic same store sales grew 12.2% during the quarter versus the year-ago period, and 10.5% 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 4.3% during the quarter and 6.3% for the full year. The fourth quarter marked the 92nd consecutive quarter – or 23rd year – of positive international same store sales growth and the 23rd consecutive quarter of positive domestic same store sales growth. The Company also had record global net store growth of 1,281 stores in 2016, comprised of 171 net new domestic stores and 1,110 net new stores internationally.

Fourth quarter diluted EPS was $1.48, up 25.4% over the prior-year quarter; full year diluted EPS was $4.30, up 23.9% over the prior year. Management noted that the as-reported diluted EPS for both the fourth quarter and fiscal 2015 was negatively impacted by expenses related to the Company’s recapitalization, and was positively impacted by the inclusion of an extra, or 53rd, week in the fourth quarter of 2015. Fourth quarter diluted EPS was up 28.7% over the prior-year quarter as-adjusted EPS of $1.15; full year diluted EPS was up 24.6% over the prior year as-adjusted EPS of $3.45.

On February 15, 2017, the Board of Directors declared a 46-cent per share quarterly dividend for shareholders of record as of March 15, 2017 to be paid on March 30, 2017. This represents a 21.1% increase over the previous quarterly dividend amount.

“I’m extremely proud of our franchisees and operators worldwide, including those who contributed toward back-to-back years of double digit sales growth in the U.S.,” said J. Patrick Doyle, Domino’s President and Chief Executive Officer. “While these unprecedented results speak for themselves, I am most pleased with the passion and energy we demonstrated throughout 2016 in meeting the challenge of sustained success. The momentum and alignment within our system has never been stronger.”

Fourth Quarter and Fiscal 2016 Highlights:

 

(dollars in millions, except per share data)    Fourth
Quarter of
2016
     Fourth
Quarter of
2015
     Fiscal
2016
     Fiscal
2015
 

Net income

   $ 72.7      $ 62.8      $ 214.7      $ 192.8  

Weighted average diluted shares

     49,090,074        53,351,075        49,923,859        55,532,955  

Diluted earnings per share, as reported

   $ 1.48      $ 1.18      $ 4.30      $ 3.47  

Items affecting comparability*

     —          (0.02      —          (0.02
  

 

 

    

 

 

    

 

 

    

 

 

 

Diluted earnings per share, as adjusted*

   $ 1.48      $ 1.15      $ 4.30      $ 3.45  
  

 

 

    

 

 

    

 

 

    

 

 

 

 

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

 

    Revenues were up 10.6% for the fourth quarter versus the prior year period, due primarily to higher supply chain volumes as well as higher Company-owned store, domestic franchise and international franchise revenues resulting from increased same store sales and store count growth. The increase in consolidated revenue was offset in part by the inclusion of the 53rd week in fiscal 2015 and the negative impact of foreign currency exchange rates.

 

    Net Income increased 15.9% for the fourth quarter versus the prior year period, primarily driven by an increase in store count and same store sales growth as well as higher supply chain volumes. The increase in consolidated net income was partially offset by higher general and administrative expenses and the negative impact of foreign exchange rates. The inclusion of the 53rd week in 2015 and the Company’s 2015 recapitalization both impact the comparability of the financial results for the fourth quarter. See the Items Affecting Comparability section for additional details.

 


The following information was filed by Dominos Pizza Inc (DPZ) on Tuesday, February 28, 2017 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

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)
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 Asset (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 And Comprehensive 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
Schedule Of Estimated Fair Value (detail)
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: 0001193125-17-060262
Submitted to the SEC: Tue Feb 28 2017 7:35:48 AM EST
Accepted by the SEC: Tue Feb 28 2017
Period: Sunday, January 1, 2017
Industry: Wholesale Groceries And Related Products

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