Press release
Domino's Pizza® Announces Second Quarter 2022 Financial Results
Global retail sales growth (excluding foreign currency impact) of 1.5% U.S. same store sales decline of 2.9% International same store sales decline (excluding
About this update from Domino's Pizza Inc
[{"type":"text","content":"Global retail sales growth (excluding foreign currency impact) of 1.5%\nU.S. same store sales decline of 2.9%\nInternational same store sales decline (excluding foreign currency impact) of 2.2%\nGlobal net store growth of 233\nDiluted EPS down 7.8% to $2.82\nANN ARBOR, Mich., July 21, 2022 /PRNewswire/ -- Domino's Pizza, Inc. (NYSE: DPZ), the largest pizza company in the world, announced results for the second quarter of 2022. Global retail sales, excluding the negative impact of foreign currency, grew 1.5% in the second quarter of 2022. Without adjusting for the impact of foreign currency, global retail sales declined 3.0% in the second quarter of 2022.\n\n \n \n \n \n \n \n\n \nU.S. same store sales declined 2.9% and international same store sales (excluding foreign currency impact) declined 2.2% during the second quarter of 2022. The decline in international same store sales (excluding foreign currency impact) was driven in part by a value added tax holiday in the United Kingdom in the second quarter of 2021 that did not recur in the second quarter of 2022. The Company had second quarter global net store growth of 233 stores, comprised of 22 net U.S. store openings and 211 net international store openings.\nDiluted EPS for the second quarter of 2022 was $2.82, a decrease of 7.8% from diluted EPS of $3.06 in the second quarter of 2021. Diluted EPS for the second quarter of 2021 was negatively impacted by expenses associated with the Company's April 2021 recapitalization transaction (the \"2021 Recapitalization\"). Diluted EPS for the second quarter of 2022 decreased 9.6% from diluted EPS, as adjusted, of $3.12 in the second quarter of 2021. Refer to the Financial Results Comparability and the Comments on Regulation G sections below for additional information.\nSubsequent to the end of the second quarter of 2022, on July 19, 2022, the Company's Board of Directors declared a $1.10 per share quarterly dividend on its outstanding common stock for shareholders of record as of September 15, 2022 to be paid on September 30, 2022.\n\"Our results for the quarter faced challenges consistent to those I outlined back in April. We continued to navigate a difficult labor market, especially for delivery drivers, in addition to inflationary pressures combined with COVID and stimulus-fueled sales comps from the prior two years in the U.S.,\" s...