Press release
Domino's Pizza® Announces First Quarter 2020 Financial Results and Business Update
Global retail sales growth (excluding foreign currency impact) of 5.9% U.S. same store sales growth of 1.6% International same store sales growth of 1.5%
About this update from Domino's Pizza Inc
[{"type":"text","content":"Global retail sales growth (excluding foreign currency impact) of 5.9%\n U.S. same store sales growth of 1.6%\n International same store sales growth of 1.5%\n Global net store growth of 69\n Diluted EPS up 39.5% to $3.07\n\n\nANN ARBOR, Mich., April 23, 2020 /PRNewswire/ -- Domino's Pizza, Inc. (NYSE: DPZ), the largest pizza company in the world based on global retail sales, announced results for the first quarter. Global retail sales increased 4.4% in the first quarter, or 5.9% excluding foreign currency impact. U.S. same store sales grew 1.6% during the quarter versus the year-ago period, 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 1.5% during the quarter. The first quarter marked the 105th consecutive quarter of international same store sales growth and the 36th consecutive quarter of U.S. same store sales growth. \nDuring the quarter, the Company opened 178 gross new stores and 69 net new stores, comprised of 30 net new U.S. stores and 39 net new international stores. The Company's net store growth includes the closure of its South Africa market, unrelated to the COVID-19 pandemic, comprising 71 stores in total. \nFirst quarter diluted EPS was $3.07, up 39.5% over the prior year quarter. On April 21, 2020, the Company's Board of Directors declared a $0.78 per share quarterly dividend for shareholders of record as of June 15, 2020 to be paid on June 30, 2020. \n\"In a time of unprecedented change in our industry, I am pleased to report that Domino's is in a very strong financial position, both at the brand and franchisee levels,\" said Ritch Allison, Domino's Chief Executive Officer. \"We can't predict the full impact of COVID-19 on the broader economy and we don't know how consumer behavior and restaurant purchasing patterns may evolve coming out of this crisis. What I do know is that our franchisees and teams in the U.S. and across the globe will remain focused on safely serving our customers and our communities in this time of need. I have great confidence in our people and our ability to manage through this crisis, and I remain optimistic about the long-term potential of the Domino's brand.\"\nFirst Quarter Highlights (Unaudited):\n(dollars in millions, except per share data)\nFirst\nQuarter of\n2020...