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Dominos Pizza Inc (DPZ) SEC Filing 10-Q Quarterly report for the period ending Sunday, June 16, 2019

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 Second Quarter 2019 Financial Results

Global retail sales growth of 5.1%, or 8.4% excluding foreign currency impact

U.S. same store sales growth of 3.0%

International same store sales growth of 2.4%

Global net store growth of 200

Diluted EPS up 23.0% to $2.19

ANN ARBOR, Michigan, July 16, 2019: Domino’s Pizza, Inc. (NYSE: DPZ),

the largest pizza company in the world based on global retail sales, announced results for the second quarter, comprised of growth in global retail sales and earnings per share. Global retail sales increased 5.1% in the second quarter, or 8.4% without the negative impact of changes in foreign currency exchange rates. U.S. same store sales grew 3.0% during the quarter versus the prior year quarter, continuing the positive sales momentum in the Company’s U.S. business. The international division also posted positive results, with same store sales growth of 2.4% during the quarter. The second quarter marked the 102nd consecutive quarter of international same store sales growth and the 33rd consecutive quarter of U.S. same store sales growth. The Company had second quarter global net store growth of 200 stores, comprised of 42 net new U.S. stores and 158 net new international stores.

Diluted EPS was $2.19 for the second quarter of 2019, up 23.0% over the prior year quarter and up 19.0% over the prior year quarter diluted EPS, as adjusted(1).

On July 10, 2019, the Company’s Board of Directors declared a $0.65 per share quarterly dividend for shareholders of record as of September 13, 2019 to be paid on September 30, 2019.

“It was a good second quarter, particularly for global unit growth, as we continue to seek balanced retail sales growth through the blend of same store sales and store growth,” said Ritch Allison, Domino’s Chief Executive Officer. “As a work-in-progress brand, we are constantly striving to improve in needed areas, execute our long-term strategy and build toward Dominant #1—a goal I continue to feel we are built to achieve.”

Second Quarter 2019 Highlights:

 

(dollars in millions, except per share data)    Second
Quarter of
2019
     Second
Quarter of
2018
     Two Fiscal
Quarters of
2019
     Two Fiscal
Quarters Of
2018
 

Net income

   $ 92.4      $ 77.4      $ 185.0      $ 166.2  

Weighted average diluted shares

     42,236,507        43,582,996        42,219,649        43,981,253  

Diluted EPS

   $ 2.19      $ 1.78      $ 4.38      $ 3.78  

Items affecting comparability (1)

     —          0.07        —          0.07  
  

 

 

    

 

 

    

 

 

    

 

 

 

Diluted EPS, as adjusted (1)

   $ 2.19      $ 1.84      $ 4.38      $ 3.85  
  

 

 

    

 

 

    

 

 

    

 

 

 

 

(1)

Refer to the Financial Results Comparability section on page three and the Comments on Regulation G section on page four for additional details. Diluted EPS, as adjusted, figures may not sum to the total due to the rounding of each individual calculation.

 

   

Revenues increased $32.2 million, or 4.1%, in the second quarter of 2019. This increase was primarily due to an increase in worldwide store counts during the trailing four quarters as well as U.S. and international same store sales growth, resulting in higher supply chain and global franchise revenues. The increase in international franchise revenues was partially offset by the negative impact of changes in foreign currency exchange rates. These increases were partially offset by a decrease in U.S. Company-owned store revenues due to the previously announced sale of 59 U.S. Company-owned stores to existing U.S. franchisees in the second quarter of 2019 (the “Second Quarter Store Sale”).

 

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The following information was filed by Dominos Pizza Inc (DPZ) on Tuesday, July 16, 2019 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

Document And Entity Information
Condensed Consolidated Balance Sheets
Condensed Consolidated Statements Of Cash Flows
Condensed Consolidated Statements Of Comprehensive Income
Condensed Consolidated Statements Of Income
Basis Of Presentation And Updates To Significant Accounting Policies
Basis Of Presentation And Updates To Significant Accounting Policies (Policies)
Carrying Amounts And Fair Values Of Certain Assets (Detail)
Changes In Stockholders' Deficit
Changes In Stockholders' Deficit (Detail)
Changes In Stockholders' Deficit (Parenthetical) (Detail)
Changes In Stockholders' Deficit (Tables)
Changes In Stockholders' Deficit - Additional Information (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)
Fair Value Measurements
Fair Value Measurements (Tables)
Fair Value Measurements - Additional Information (Detail)
Financial Information By Operating Segment (Detail)
Lease Disclosures
Lease Disclosures (Tables)
Lease Disclosures - Additional Information (Detail)
Legal Matters
Legal Matters - Additional Information (Detail)
Maturities Of Lease Liabilities (Detail)
New Accounting Pronouncements
New Accounting Pronouncements (Tables)
New Accounting Pronouncements - Additional Information (Detail)
New Accounting Pronouncements - Cumulative Effects Of Changes Made To Consolidated Balance Sheet (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)
Sale Of Company-Owned Stores
Sale Of Company-Owned Stores - 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)
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: 0001193125-19-194379
Submitted to the SEC: Tue Jul 16 2019 3:38:48 AM EST
Accepted by the SEC: Tue Jul 16 2019
Period: Sunday, June 16, 2019
Industry: Wholesale Groceries And Related Products

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