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Dominos Pizza Inc (DPZ) SEC Filing 10-K Annual report for the fiscal year ending Sunday, December 31, 2017

Dominos Pizza Inc

CIK: 1286681 Ticker: DPZ

Exhibit 99.1

 

LOGO    For Immediate Release   

Contact: Tim McIntyre, Executive Vice President,

Communication, Investor Relations and Legislative Affairs

(734) 930-3563

Domino’s Pizza® Announces Fourth Quarter and Fiscal 2017 Financial Results

Global retail sales growth of 11.7% for the fourth quarter; 12.7% for fiscal 2017

Domestic same store sales growth of 4.2% for the fourth quarter; 7.7% for fiscal 2017

International same store sales growth of 2.5% for the fourth quarter; 3.4% for fiscal 2017

Global net store growth of 422 for the fourth quarter; 1,045 for fiscal 2017

Diluted EPS up 41.2% to $2.09 for the fourth quarter; up 35.6% to $5.83 for fiscal 2017

ANN ARBOR, Michigan, February 20, 2018: Domino’s Pizza, Inc. (NYSE: DPZ),

the largest pizza company in the world based on global retail sales, announced results for the fourth quarter and fiscal 2017, comprised of strong growth in same store sales, global store counts and earnings per share. Domestic same store sales grew 4.2% during the quarter versus the year-ago period, and 7.7% for the full year, continuing the positive sales momentum in the Company’s domestic business. The international division also posted positive results, with same store sales growth of 2.5% during the quarter and 3.4% for the full year. The fourth quarter marked the 96th consecutive quarter – or 24th year – of positive international same store sales growth and the 27th consecutive quarter of positive domestic same store sales growth. The Company also had fourth quarter global net store growth of 422 stores, comprised of 96 net new domestic stores and 326 net new international stores. In fiscal 2017, the Company opened 1,045 net new stores, comprised of 216 net new domestic stores and 829 net new international stores.

Fourth quarter diluted EPS was $2.09, up 41.2% over the prior year quarter; fiscal 2017 diluted EPS was $5.83, up 35.6% over the prior year. Fiscal 2017 diluted EPS, as adjusted, was $5.91, up 37.4% over the prior year diluted EPS of $4.30.

On February 14, 2018, the Board of Directors declared a 55-cent per share quarterly dividend for shareholders of record as of March 15, 2018 to be paid on March 30, 2018. This represents an increase of approximately 20% over the previous quarterly dividend amount.

“Without question, we are pleased with our fourth quarter and full-year 2017 performance – with results that continued to outpace the industry,” said J. Patrick Doyle, President and Chief Executive Officer. “Our 2017 global retail sales growth and domestic comps outperformed the high-end of our stated three to five-year outlook. This, along with tremendous net store growth and an incredibly low number of closures, helps validate that our long-term fundamental strength is well intact heading into 2018.”

Fourth Quarter and Fiscal 2017 Highlights:

 

(dollars in millions, except per share data)    Fourth
Quarter of
2017
     Fourth
Quarter of
2016
     Fiscal
2017
     Fiscal
2016
 

Net income

   $ 93.3      $ 72.7      $ 277.9      $ 214.7  

Weighted average diluted shares

     44,593,094        49,090,074        47,677,834        49,923,859  

Diluted earnings per share, as reported (1)

   $ 2.09      $ 1.48      $ 5.83      $ 4.30  

Items affecting comparability (2)

     —          —          0.08        —    
  

 

 

    

 

 

    

 

 

    

 

 

 

Diluted earnings per share, as adjusted (1) (2)

   $ 2.09      $ 1.48      $ 5.91      $ 4.30  
  

 

 

    

 

 

    

 

 

    

 

 

 

 

(1) In the first quarter of 2017, the Company adopted Accounting Standards Update No. 2016-09, Compensation-Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting, (ASU 2016-09), which requires the Company to record excess tax benefits from equity-based compensation as a reduction of the provision for income taxes in the income statement, whereas they were previously recognized in equity. See the “Adoption of New Accounting Guidance” section on page three for additional information.
(2) Refer to the Items Affecting Comparability section on page four for additional details. See also the Comments on Regulation G section on page five.

 

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The following information was filed by Dominos Pizza Inc (DPZ) on Tuesday, February 20, 2018 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: 0001193125-18-049576
Submitted to the SEC: Tue Feb 20 2018 7:40:21 AM EST
Accepted by the SEC: Tue Feb 20 2018
Period: Sunday, December 31, 2017
Industry: Wholesale Groceries And Related Products

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