Press release
Domino's Pizza® Announces First Quarter 2023 Financial Results
Global retail sales growth (excluding foreign currency impact) of 5.9% U.S. same store sales growth of 3.6% International same store sales growth (excluding
About this update from Domino's Pizza Inc
[{"type":"text","content":"Global retail sales growth (excluding foreign currency impact) of 5.9%\nU.S. same store sales growth of 3.6%\nInternational same store sales growth (excluding foreign currency impact) of 1.2%\nGlobal net store growth of 128\nDiluted EPS up 17.2% to $2.93\nANN ARBOR, Mich., April 27, 2023 /PRNewswire/ -- Domino's Pizza, Inc. (NYSE: DPZ), the largest pizza company in the world, announced results for the first quarter of 2023. Global retail sales grew 5.9% in the first quarter of 2023, excluding the negative impact of foreign currency. Without adjusting for the impact of foreign currency, global retail sales grew 2.2% in the first quarter of 2023.\nU.S. same store sales grew 3.6% during the first quarter of 2023. International same store sales (excluding foreign currency impact) grew 1.2% during the first quarter of 2023. The Company had first quarter global net store growth of 128 stores, comprised of 22 net U.S. store openings and 106 net international store openings. The Company had 168 gross store openings and 40 closures during the first quarter of 2023. Diluted EPS for the first quarter of 2023 was $2.93, an increase of 17.2% over the prior year quarter.\nSubsequent to the end of the first quarter of 2023, on April 25, 2023, the Company's Board of Directors declared a $1.21 per share quarterly dividend on its outstanding common stock for shareholders of record as of June 15, 2023, to be paid on June 30, 2023.\n\"As I reflect on the first quarter, I can't help but be encouraged by the resilience of our business model and the competitive advantage our franchisees and team members bring to Domino's Pizza,\" said Russell Weiner, Domino's Chief Executive Officer. \"We grew by doing what we said we were going to do: drive value and step up our pace of innovation. Our continued evolution from a U.S. delivery business to a global pizza company with strength in both delivery and carryout keeps me bullish on our future.\"\nFirst Quarter Highlights (Unaudited):\n(in millions, except share and per share data)\nFirstQuarter of2023\nFirstQuarter of2022\nNet income\n$\n104.8\n$\n91.0\nWeighted average diluted shares\n35,708,938\n36,435,038\nDiluted EPS\n$\n2.93\n$\n2.50\nRevenues increased $13.2 million, or 1.3%, in the first quarter of 2023 as compared to the first quarter of 2022, primarily due to higher supply chain revenues attributable...