Press release
Domino's Pizza® Announces Third Quarter 2022 Financial Results
Global retail sales growth (excluding foreign currency impact) of 4.7% U.S. same store sales growth of 2.0% 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 4.7%\nU.S. same store sales growth of 2.0%\nInternational same store sales decline (excluding foreign currency impact) of 1.8%\nGlobal net store growth of 225\nDiluted EPS down 13.9% to $2.79\nANN ARBOR, Mich., Oct. 13, 2022 /PRNewswire/ -- Domino's Pizza, Inc. (NYSE: DPZ), the largest pizza company in the world, announced results for the third quarter of 2022. Global retail sales, excluding the negative impact of foreign currency, grew 4.7% in the third quarter of 2022. Without adjusting for the impact of foreign currency, global retail sales declined 1.6% in the third quarter of 2022.\nU.S. same store sales increased 2.0% and international same store sales (excluding foreign currency impact) declined 1.8% during the third 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 third quarter of 2021 that did not recur in the third quarter of 2022. The Company had third quarter global net store growth of 225 stores, comprised of 24 net U.S. store openings and 201 net international store openings.\nDiluted EPS for the third quarter of 2022 was $2.79, a decrease of 13.9% from diluted EPS of $3.24 in the third quarter of 2021.\nSubsequent to the end of the third quarter of 2022, on October 11, 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 December 15, 2022 to be paid on December 30, 2022.\nAdditionally, subsequent to the end of the third quarter of 2022, on September 16, 2022 (the \"Closing Date\"), certain of the Company's subsidiaries issued a new variable funding note facility which allows for advances of up to $120.0 million of Series 2022-1 Variable Funding Senior Secured Notes, Class A-1 Notes (the \"2022 Variable Funding Notes\"). The 2022 Variable Funding Notes were undrawn on the Closing Date. The Company's existing $200.0 million Series 2021-1 Variable Funding Senior Secured Notes, Class A-1 Notes (the \"2021 Variable Funding Notes\") also remain in place.\nFurther, subsequent to the end of the third quarter of 2022, the Company sold 114 U.S. Company-owned stores in Arizona and Utah to certain of its franchisees for $41.1 million, and th...