Press release
Domino's Pizza® Announces First Quarter 2024 Financial Results
Global retail sales growth (excluding foreign currency impact) of 7.3% U.S. same store sales growth of 5.6% 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 7.3%\nU.S. same store sales growth of 5.6%\n International same store sales growth (excluding foreign currency impact) of 0.9%\nGlobal net store growth of 164\nIncome from operations increased 18.6%; excluding the negative impact of foreign currency exchange rates on international franchise royalty revenues of $1.4 million, income from operations increased 19.4%\nANN ARBOR, Mich., April 29, 2024 /PRNewswire/ -- Domino's Pizza, Inc. (NYSE: DPZ), the largest pizza company in the world, announced results for the first quarter of 2024.\n\n \n \n \n \n \n \n\n \n\"Our first quarter results demonstrated that our Hungry for MORE strategy is off to a strong start: delivering MORE sales, MORE stores, and MORE profits,\" said Russell Weiner, Domino's Chief Executive Officer. \"The Renowned Value we created through our new and improved Domino's Rewards loyalty program drove outsized comp performance, which flowed through to the bottom line with double-digit profit growth. Importantly, our growth in the U.S. came through positive order counts in both our carryout and delivery businesses for the second quarter in a row. Further, this order growth was across all income cohorts. In Q1 we also went live with marketing on Uber Eats, and we remain on track to exit the year at 3% or MORE of sales coming through this new channel. We are laser focused on driving franchisee profitability and store growth, which will fuel the Company's ability to win and create meaningful long-term value for our shareholders.\"\nFirst Quarter 2024 Operational and Financial Highlights (Unaudited):\nThe tables below outline certain statistical measures utilized by the Company to analyze its performance, as well as key financial results. This historical data is not necessarily indicative of results to be expected for any future period. Refer to Comments on Regulation G below for additional details, including definitions of these statistical measures and certain reconciliations.\nFirst Quarter\n2024\n2023\nGlobal retail sales: (in millions of U.S. dollars)\nU.S. stores\n$\n2,212.0\n$\n2,051.0\nInternational stores\n2,152.1\n2,062.7\nTotal\n$\n4,364.1\n$\n4,113.7\n \nFirst Quarter\n2024\n2023\nGlobal retail sales growth: (versus prior year period, excluding foreign currency impact)\nU.S. stores\n+ 7.8 %\n+ 5...