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Dominos Pizza Inc (DPZ) SEC Filing 10-Q Quarterly Report for the period ending Sunday, March 28, 2021

Dominos Pizza Inc

CIK: 1286681 Ticker: DPZ

Exhibit 99.1

 

LOGO    For Immediate Release   

Contact: Chris Brandon

Director - Investor Relations

(734) 323-7932

Domino’s Pizza® Announces Fourth Quarter and Fiscal 2020 Financial Results

Global retail sales growth (excluding foreign currency impact and 53rd week impact) of 12.0% for the fourth quarter;

10.4% for fiscal 2020

U.S. same store sales growth of 11.2% for the fourth quarter; 11.5% for fiscal 2020

International same store sales growth of 7.3% for the fourth quarter; 4.4% for fiscal 2020

Global net store growth of 388 for the fourth quarter; 624 for fiscal 2020

Diluted EPS up 23.4% to $3.85 for the fourth quarter; up 29.6% to $12.39 for fiscal 2020

Company announces new two- to three-year outlook

ANN ARBOR, Michigan, February 25, 2021: 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 2020, comprised of growth in global retail sales, same store sales and earnings per share. Global retail sales increased 21.7% in the fourth quarter, or 20.9% excluding the positive impact of foreign currency. Global retail sales increased 12.5% in fiscal 2020, or 13.2% excluding the negative impact of foreign currency. Global retail sales were benefited in the fourth quarter and fiscal 2020 by the inclusion of an extra, or 53rd week. Global retail sales increased 12.0% in the fourth quarter, excluding the positive impact of foreign currency and the impact of the 53rd week. Global retail sales increased 10.4% in fiscal 2020 excluding the negative impact of foreign currency and the positive impact of the 53rd week.

U.S. same store sales grew 11.2% during the quarter and 11.5% for the full year, continuing the positive sales momentum in the Company’s U.S. stores business. The international business also posted positive results, with same store sales growth of 7.3% during the quarter and 4.4% for the full year. The fourth quarter marked the 108th consecutive quarter of international same store sales growth and the 39th consecutive quarter of U.S. same store sales growth. The Company had strong fourth quarter global net store growth of 388 stores, comprised of 116 net U.S. store openings and 272 net international store openings. In fiscal 2020, the Company had 624 net store openings, comprised of 229 net U.S. store openings and 395 net international store openings.

Fourth quarter diluted EPS was $3.85, up 23.4% over the prior year quarter. Fiscal 2020 diluted EPS was $12.39, up 29.6% over the prior year. Diluted EPS for both the fourth quarter and fiscal 2020 was positively impacted by the inclusion of the 53rd week, and diluted EPS for both the fourth quarter and fiscal 2019 was negatively impacted by expenses associated with the Company’s November 2019 recapitalization transaction (the “2019 Recapitalization”). Fourth quarter diluted EPS, as adjusted, was $3.46, up 10.5% over the prior year quarter diluted EPS, as adjusted, of $3.13. Fiscal 2020 diluted EPS, as adjusted, was $12.01, up 25.5% over the prior year diluted EPS, as adjusted, of $9.57. Refer to the Financial Results Comparability and the Comments on Regulation G sections below for additional information.

During the fourth quarter of 2020, the Company repurchased and retired 567,807 shares of its common stock in open market repurchases under its Board of Directors-approved share repurchase program for approximately $225.0 million. Subsequent to the fourth quarter and through February 18, 2021, the Company repurchased and retired an additional 65,870 shares of common stock for a total of approximately $25.0 million. On February 24, 2021, the Company’s Board of Directors authorized a new share repurchase program to repurchase up to $1.0 billion of the Company’s common stock. This repurchase program replaces the remaining availability of approximately $76.6 million under the Company’s previously approved $1.0 billion share repurchase program.

On February 24, 2021, the Company’s Board of Directors declared a quarterly dividend of $0.94 per common share payable on March 30, 2021 to shareholders of record at the close of business on March 15, 2021. This represents an increase of 20.5% over the previous quarterly dividend amount.

“We celebrated our 60th year as a company in 2020, and while it was a challenging year in so many ways, it was also a year that saw the Domino’s brand rise to the occasion all over the world,” said Ritch Allison, Domino’s Chief Executive Officer. “We led with our values first and delivered an outstanding year of growth and financial performance. This past year, a year like none other, reminded me once again that Domino’s has the best group of global franchisees and team members in the restaurant business.”


The following information was filed by Dominos Pizza Inc (DPZ) on Thursday, February 25, 2021 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
Consolidated Balance Sheets
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive Income
Consolidated Statements Of Income
Basis Of Presentation And Updates To Significant Accounting Policies
Carrying Amounts And Fair Values Of Certain Assets (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)
Leases
Leases (Tables)
Leases - Additional Information (Detail)
Maturities Of Lease Liabilities (Detail)
New Accounting Pronouncements
Recapitalization
Recapitalization - Additional Information (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)
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 Dash Brands - (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)

Material Contracts, Statements, Certifications & more

Dominos Pizza Inc provided additional information to their SEC Filing as exhibits

Ticker: DPZ
CIK: 1286681
Form Type: 10-Q Quarterly Report
Accession Number: 0001193125-21-138350
Submitted to the SEC: Thu Apr 29 2021 7:38:14 AM EST
Accepted by the SEC: Thu Apr 29 2021
Period: Sunday, March 28, 2021
Industry: Wholesale Groceries And Related Products

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